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3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
3321 Barrett Ave
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$1,225,000

3321 Barrett Ave

5,367 Sq.Ft.

Description

To access the marketing package copy/paste: https://bit.ly/kitehillre. 3321 Barrett Ave is a well-maintained 6-unit building built in the 1950s, offering an attractive investment opportunity. The property consists of a four-unit building with four 2-bedroom units, along with a duplex featuring two 1-bedroom units. Each unit offers ample space, with the 2-bedroom units close to 1,000 square feet and the 1-bedroom units just under 800 square feet. On average, each unit spans nearly 900 square feet. The building is separately metered for water, gas, and electricity, which helps keep operating expenses low for the new owner. Currently, the property generates over $10,000 per month with over 30% upside in gross rents and nearly 50% upside in net operating income. Many of the units have been recently updated, including upgrades to electrical panels and windows, while the exterior has been meticulously maintained with freshly paved garage areas and well-kept brick trim. The result is a perfect blend of vintage charm and modern living. The property is also well-equipped for tenants, with six garages and additional off-street parking spaces available. Its prime location in the desirable North & East district of Richmond, California, further enhances its appeal

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Location

3321 Barrett Ave, Richmond, CA 94801

Status

Sold
Jatin Mehta

Jatin Mehta

TITLE

Founder

Property Amenities

Interior
Flooring Carpet
Area & Lot
Lot Area 10,019 Sq.Ft.
Living area 5,367 Sq.Ft.
MLS® ID 41087307
Year Built 1950
Type Multi-Family
Status Sold
Exterior
Air conditioning None
Heat type Electric
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Parking Attached, Detached
Lot Features Corner Lot
Utilities Wired For Cable TV, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
Finance
Sales Price $1,225,000

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