Description
1835 Robin Lane presents an excellent opportunity for an investor to purchase a 11 unit apartment building in the city of Concord. Built-in 1969, the property consists of three buildings surrounding a central courtyard on a 22,216 square foot lot. The combined square footage of all three buildings is 9,148 square feet and includes covered and uncovered off-street parking spaces. The property consists of eleven (11) 2 bedroom/ 2 bathroom units, each with their own balcony or ground floor patio space on a low maintenance landscape. Five units have been fully renovated by current ownership, and all units are individually metered for gas and electric. The property also collects ancillary income with onsite laundry facilities and available storage lockers. The property boasts a “Very Walkable” walk score of 78 and is a great location for commuters with its close proximity to CA-242, as well as less than 2 miles to the Downtown Concord BART station and Todos Santos Plaza.In all, this opportunity will provide a new investor with day one cash flow, additional upside with annual rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay.
Location
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Listing Agent: Eric Keena Courtesy of: BHHS Drysdale Properties The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 22nd March, 2023 3:10 AM (UTC)
