116-124 Washington Ave

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Address: 116 Washington Ave, Richmond, CA 94801, USA

California & West + Apartment Buildings

Created date: November 13, 2024

Date last updated: November 13, 2024

Seller Financing: 30% Down, 4.0% Interest Only for Five Years
Prime Location: Central Point Richmond Spot for Convenient Access
Two Buildings: Option to Purchase One or Both 16 Unit and 5 Unit Property
High Occupancy, Proven Track Record of Strong Tenant Demand
Low Costs, Minimal Operational Expenses
Versatile Suites: Accommodating Spaces for Businesses of All Sizes
Built in 1989 and 1991
Community Hub: Surrounded by Thriving Retail and Dining Options
Accessible Location: Conveniently Situated Near Major Transportation Routes.

Property Description

Seller financing available! Seller Financing terms: 30% down, 4.0% interest only payments for a five year term. Welcome to a prime investment opportunity in the heart of Point Richmond, California – 116 and 124 Washington Street. These two adjacent properties, available for purchase separately or together, present an enticing opportunity for investors seeking a foothold in the thriving commercial landscape of the area. 124 Washington Street, offers a collection of 16 meticulously maintained office units, while its counterpart at 116 Washington Street comprises five units. Both buildings boast historically high occupancy rates and low operational costs, making them a solid choice for those looking to diversify their portfolio with stable, income-generating assets. Constructed in 1989 and 1991 respectively, these buildings exude durability and longevity, standing as a testament to quality craftsmanship and enduring value. The 16-unit property at 124 Washington Street provides a diverse array of office suites, ranging from small to larger spaces, catering to the needs of a variety of businesses. Meanwhile, the five-unit building at 116 Washington Street offers similar flexibility, ensuring that tenants can find the perfect workspace to suit their unique requirements. Beyond their attractive features and prime location, 116 and 124 Washington Street offer a rare opportunity to tap into the vibrant energy of Point Richmond's commercial hub. With easy access to major transportation routes, bustling retail centers, and a thriving business community, these properties are positioned for long-term success and growth.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,750,000
No. of Units:	40
Year Built:	1989
Lot Size:	0.18 Sq ft
Opportunity Zone:	No
Price per unit:	$68,750
Property Website	Click Here