2221 Railroad Ave

Pittsburg, CA 94565

PRICE REDUCED

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-$1,282,000 (-26.71%)

$3,518,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1989

calendar_month Built

Property Description

8% investment return cap rate. A value added investment opportunity (with 4%-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. 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, BART.

Listing Information

List Price $3,518,000
Status Active
MLS 41046945
HOA $0
Type Commercial
Year Built 1989
Lot Size 28,750
Structure Size N/A
DOM 277
Courtesy Of Promax Investment & Develop
Listing Agent Richard Mao DRE#01208299

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Richard Mao, Promax Investment & Develop . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 5:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.