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305 Ripley Ave, Richmond, CA 94801

Multi-Family Home For Sale

305 Ripley Ave, Richmond, CA 94801 House For Sale - MLS #40847782
$725,000
Multi-Family
4 Family
This listing is courtesy of Perry Gastis from Bhg Re Reliance Partners.

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Property Description for 305 Ripley Ave, Richmond, CA 94801

This convenient investment property is located in a quiet, evolving Richmond neighborhood that is seven minutes drive from the Richmond BART station, and six minutes to the new direct ferry service to San Francisco! This property has four one-bedroom apartments (three units were updated 2014). There is one vacant unit. Vacant unit updated in late 2018. Three units that are currently leased, have a total current income of approximately $4353.00 (three units). The vacant unit's approximate market value is $1750 to $1900 - for a total of $6100/$6250 + per month income. Common area includes a large shared backyard, two one-car driveways and two half garages. The neighborhood is quiet, and the property is 1031-exchange eligible. Consider making this your home, or income property! Financing flyer: https://edge.mortgagecoach.com/report/edgereport.html#5a72ae26-6574-49b5-98d0-80603382bebcPrevious escrow cancelled 2/1/2109. Property now available.

Interior Details

Exterior Details

0.09 acres
3,800 sq. ft.
Attached Garage

Other Details

40847782
1927
$4,353
Contra Costa

Units Description

Unit #1
Rent: $1,660     

Unit #3
Rent: $1,139     

Unit #4
Rent: $1,554     

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(20%)

Monthly Mortgage Payments

$3,293
$4,587

BART> Stations Stops

Richmond
0.72 miles
El Cerrito del Norte
2.73 miles
El Cerrito Plaza
4.31 miles

Town Description

Though the area was inhabited by native Ohlone Indians for thousands of years previous to the early 1800's, the first explorers came and gradually wiped out the native way of life here. The settlement...

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