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Listed by Theodore Booras • United Apartment Group
$ 1,250,000
Est. payment | /mo
3,312 SqFt
$ 1,250,000
Est. payment | /mo
3,312 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,312 sqft
Price per Sqft $377
Subdivision Down Town
MLS Listing ID 41128459
HOA Y/N No
Year Built 1964
Lot Size 5,555 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
40 FOSTER ST. IS AN EXCELLENT VALUE ADD FOURPLEX OPPORTUNITY NEAR DOWNTOWN MARTINEZ. THE PROPERTY HAS AMAZING VIEWS OF BOTH THE BAY AND THE MARTINEZ VALLEY. CONSISTING OF FOUR TWO-BEDROOM, ONE-BATH APARTMENTS AT ABOUT 828 SF EACH WITH ONSITE COIN-OPERATED LAUNDRY, CARPORT PARKING, NEW WINDOWS & ROOF. NO LOCAL RENT CONTROL CREATES AN EASY REPOSITIONING OPPORTUNITY WITH A FEW INTERIOR UPDATES AND SOME RENT INCREASES ALLOWING FOR A FULL MARKET RENT STABILIZED INVESTMENT QUICKLY AND EVEN SOONER WITH SOME NATURAL TURNOVER. ADDITIONAL UPSIDE IN ANCILLARY INCOME AS WELL WITH OWNED LAUNDRY EQUIPMENT. FANTASTIC VIEW OF CARQUINEZ BAY ON ONE SIDE, AND DOWNTOWN ON THE OTHER. ONE BLOCK FROM RANKIN SWIN CENTER AND PARK.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling Other
Flooring Laminate, Linoleum, Vinyl, Carpet
Fireplace No
Window Features Double Pane Windows
Laundry Common Area
Exterior
View Carquinez, Hills, Panoramic
Building
Lot Description See Remarks
Others
Special Listing Condition Standard
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