Active

2065 Riley Court

Concord CA, 94520

$3,000,000


$486.22 per sqft

Active

6,170 sqft

Other

Built in 1986

Unlock the potential of a prime 10-unit apartment complex that offers a remarkable cash flow opportunity! This well-maintained property features four spacious two-bedroom units and six cozy one-bedroom units, boasting a strong occupancy history and attracting easy-to-find rentersa true investor's dream. With guaranteed income potential from the property, it has been fully rented most of the time, ensuring excellent cash flow. The complex is exceptionally well-kept, having recently completed a balcony inspection, making it a maintenance-free investment. Tenants enjoy convenient amenities, including individual carport spots and additional parking spaces. Each unit is equipped with its own gas, water, and electrical meters, allowing for straightforward tenant billing and lowering utility costs. Security and comfort are prioritized, with the complex located behind a secure gate in a safe, community-oriented environment. There are also future expansion opportunities, such as the potential to add a coin-operated washer and dryer laundry room. Conveniently located, it offers an easy commute and is just minutes away from shopping centers.

ML81986971

MLS ID

November 18, 2024

Listed

December 13, 2024

Updated

Map

2065 Riley Court
Concord CA, 94520

Interior Features

Appliances

Refrigerator


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.26 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Concord


Garage

No


Parking

Parking Lot


View

No


County

Contra Costa


Pool

No


Zoning

mult

Listed by Gene Au with Realty World Dominion
Listing Contact: 510-852-9898 

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