2221 Railroad Avenue
$4,800,000
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Description
A value added investment opportunity (with 4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. 5.5% investment return cap rate. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools.A value added investment opportunity (with 4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. 5.5% investment return cap rate. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools.
- Listed by Richard Mao • DRE #01208299 • Promax Investment & Develop
Property Details for 2221 Railroad Avenue
Parking Spaces Total
39
Zoningcn
DirectionsHwy4 exit Railroad Cross Street: E. Leland.
LISTING UPDATED: 01/12/2024 07:32 PM
Property Details for 2221 Railroad Avenue
Status | Active |
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MLS # | 41046945 |
Days on Compass | 313 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | Commercial Sale |
Year Built | 1989 |
Lot Size | 0.66 AC / 28,749 SF |
County | Contra Costa County |
Building Information for 2221 Railroad Avenue
Stories-Residences-Year Built1989Lot Size0.66 AC / 28,749 SF
Property Information for 2221 Railroad Avenue
Property History for 2221 Railroad 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.
Schools near 2221 Railroad Avenue
This home is within Pittsburg Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Highlands Elementary School PublicK to 5 | ||
Hillview Junior High School Public6 to 8 | ||
Pittsburg Senior High School Public9 to 12 | ||
Black Diamond High (Continuation) School 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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