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$2,800,000 | 6 UNITS | CENTRAL RICHMOND

Available


424 20th Avenue

6

Units

5.0%

Cap Rate

12.6

GRM

5,996

Square Feet

424 20th Avenue is a well-maintained six-unit building in the Richmond District. The property consists of two 3bd/2ba, two 2bd/1.5ba, two 1bd/1ba, and garage parking for seven cars. Both of the 3bd/2ba units feature a gas fireplace, spacious rooms, and great natural light. One of these units will be delivered vacant, providing a great owner's unit or the ability to achieve market rent. The units are separately metered for gas and electricity, and each has its own furnace, keeping operating expenses low. The main electrical indicates 400 Amps of service, and all of the subpanels in the apartments were recently replaced. This is an excellent opportunity to acquire a turnkey building with great upside in a desirable Richmond District location. This is a court-ordered sale, and may be subject to court confirmation and overbid.

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Please contact Adam for a complimentary and confidential market evaluation of your property, or to consult on any real estate matter. Adam is happy to provide this service, regardless of your intent to sell.

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