Richmond, CA 94803,4143 Fran Way
See all 16 photos
Richmond, CA 94803,4143 Fran Way
Richmond, CA 94803,4143 Fran Way
Richmond, CA 94803,4143 Fran Way
Richmond, CA 94803,4143 Fran Way

$3,145,000

Est. payment /mo

$3,195,000

1.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

4143 Fran Way Richmond, CA 94803

0.72 Acres Lot

SOLD DATE : 04/16/2024

Key Details

Sold Price $3,145,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41048716

Sold Date 04/16/24

HOA Y/N No

Year Built 1975

Lot Size 0.722 Acres

Property Description

4143-4169 Fran Way, Richmond, positioned on the border of El Sobrante. This premier property comprises 12 townhome-style units with individual garages for each unit. The units features 2 bedrooms and 1.5 baths, caters to a diverse demographic, ensuring broad market appeal. Majority of the units have their own balconies increasing the rent-ability and value. The property is fully stabilized with 100% occupancy with an in-place Cap Rate of 6.17% and produces nearly a 5% cash on cash return day one. With a 10.8 GRM and $261 price per square foot, this investment is one you do not want to miss out. The property's location on the El Sobrante border and provides residents access to the amenities and charm of both Richmond hills and El Sobrante. Investors keen on maximizing returns and unlocking additional value should consider the prospect of condo conversion, turning each unit into a 2bed town-home condo (Buyer to do their own research).

Location

State CA

County Contra Costa

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 12

Building

Water Other

Others

Financing Conventional

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Willem Bos • COMPASS
Bought with Brigitte Schlatter • Schlatter Associates Inc
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.