1880 Robin Ln

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Address: 1880 Robin Ln, Concord, CA 94520, USA
Created date: February 26, 2024
Date last updated: February 26, 2024

Property Description

Berger & Associates of NAI Northern California is please to offer 1880 Robin Ln. This opportunity features many of the key elements of income producing property most sought after by investors; excellent physical condition, favorable unit mix, limited operational expenses, solid in place income with immediate income growth potential, and high demand location offering excellent access to transportation, employment, shopping, dining, and entertainment. The property consists of a total of 8 units, six 2-bedroom 1-bathroom and two 1-bedroom 1-bathroom units fully occupied at near market rents. The ownership has been diligent in their maintenance and updates to the property replacing all of the windows with dual pane vinyl windows, all of the flooring in the units with either tile or vinyl, all of the wall furnaces and recently replacing the water heater. All units feature gas oven/range, refrigerator/freezer, gas wall furnace, wall AC units, hard surface flooring, shower tub combo and come with 1 assigned parking space. Additionally select units have been updated with shaker wood kitchen cabinetry, new appliances, and feature either enclosed patio or balcony and all residents have access to the coin operated laundry facilities.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $2,100,000
No. of Units: 8
Cap Rate: 5.47%
GRM /GIM: 12.05
Year Built: 1961
Building Size: 5,180 Sq ft
Lot Size: 7,933.00 Sq ft
No. of Stories: 2
APN: 128-210-043-5
Opportunity Zone: No
Price per unit: $262,500
Parking Spaces: 8
Address: 1880 Robin Ln, Concord, CA 94520, USA

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent

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