5Th St Open House Save Request In-Person Tour Request Virtual Tour
Richmond,CA 94801
OPEN HOUSE
Thu Jun 19, 10:00am - 12:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Iron Triangle
MLS Listing ID 41101466
HOA Y/N No
Year Built 1910
Lot Size 5,649 Sqft
Property Sub-Type Triplex
Property Description
This turnkey Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased, generating $7,800/month in rent—$93,600 annually—and offering an impressive 7%+ cap rate at the current asking price. With low annual maintenance costs (approx. $3,600), this well-maintained gated property is a rare opportunity to secure strong market rents from day one. The property features: - Two spacious 3BD/1BA units in a duplex—one partially remodeled - A charming, remodeled 1BD/1BA detached unit with a large bonus basement - In-unit laundry for all three residences - Secure, gated parking for approximately 4 vehicles - A sizable shared yard, ideal for tenants Conveniently located just 7 minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property also qualifies for special loan programs thanks to its location in an eligible lending area. Whether you're expanding your portfolio or looking for a low-maintenance, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers on value, versatility, and long-term upside.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Flooring Laminate,Tile,Vinyl
Fireplace No
Exterior
Parking Features On Street
Roof Type Shingle
Total Parking Spaces 4
Building
Sewer Public Sewer
Others
Tax ID 5380800309
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Virtual Tour https://tourfactoryeastbay.tf.media/420-5th-St