2116 Barrett Avenue
$899,999
8
4
3,575
3,575
$252
Pending
Description
This isn't just a strong investment opportunity, it could be your new home. This International Style 4-plex in the heart of Richmond with hints of practical Postmodernism, currently has 1 unit vacant. Whether you leverage Fannie Mae's recent lending changes to put 5% down and use 75% of the rental income ($102,000 annually) from the other units towards your qualifying income for the loan when you move in, or you fill the unit at market rate ($2,500) and benefit from it as an investment property,...This isn't just a strong investment opportunity, it could be your new home. This International Style 4-plex in the heart of Richmond with hints of practical Postmodernism, currently has 1 unit vacant. Whether you leverage Fannie Mae's recent lending changes to put 5% down and use 75% of the rental income ($102,000 annually) from the other units towards your qualifying income for the loan when you move in, or you fill the unit at market rate ($2,500) and benefit from it as an investment property, this property is a savvy move for a buy-and-hold investor. It's very clear that property values in Richmond are on the rise (New Ferry terminal to SF) and objective projections for equity appreciation are in the 30-40% range for the years (3-5) ahead. The property income opportunities include a laundry room (currently monitized by lease) 4 storage closets per unit and a carport for 1-2 off-street covered parking spaces per unit. All units are 2 bed 1 bath, and have been remodeled within the last 5 years. A detached 10'X10' Shed onsite opens up other possibilities. BART, shopping and major freeways are all blocks away. Don't let this one pass you by. The opportunity to bet on Richmond and yourself with sweet creamy cash flow on top is right in front of you.
- Listed by Adam Garrett-Clark • DRE #02214638 • Keller Williams RealtyP: (415)-716-3665 Adamgarrettclark@kw.com
Property Details for 2116 Barrett Avenue
Parking Features
Carport, Covered
Architectural StyleMid-Century
ZoningResidential
View DescriptionCity Lights, Downtown
LISTING UPDATED: 11/16/2024 10:07 AM
Property Details for 2116 Barrett Avenue
Status | Pending |
---|---|
MLS # | 224088300 |
Days on Compass | 97 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1960 |
Lot Size | 0.13 AC / 5,623 SF |
County | Contra Costa County |
Building Information for 2116 Barrett Avenue
Stories2Residences4Year Built1960Building Size-Lot Size0.13 AC / 5,623 SF
Property Information for 2116 Barrett Avenue
Property History for 2116 Barrett Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2116 Barrett Avenue
Taxable ValueLand$214,705Additions$423,611Total$638,316
Tax Record2024$13,790 ($1,149 / month)
Home Facts
Total Finished SqFt3,575 SqFtAbove Grade Finished SqFt3,575 SqFtStories1Lot Size5,625 SqFtStyleQuadraplexYear Built1960Year Renovated1975CountyCONTRA COSTAAPN514-110-003-1
Schools near 2116 Barrett Avenue
This home is within West Contra Costa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Grant Elementary School PublicK to 6 | ||
Lovonya Dejean Middle School Public7 to 8 | ||
Kennedy High School Public9 to 12 | ||
Greenwood Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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