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701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
701 Alamo Ave
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$998,000

701 Alamo Ave

10 Beds 2,928 Sq.Ft.

Description

To access marketing package copy/paste: https://bit.ly/kitehillre. 701 Alamo Avenue presents an exceptional opportunity to acquire a well-maintained four-unit investment property offering strong and stable cash flow. The building generates $10,000 per month in rent, translating to an annual gross income of $120,000, providing immediate and consistent returns for investors seeking reliable performance in a growing submarket. The property features a desirable and balanced unit mix with (2) two-bedroom, one-bath units and (2) three-bedroom, one-bath units, appealing to a wide range of tenants. With 2,928 square feet of total living area situated on a 5,000-square-foot lot, each unit averages over 700 square feet of comfortable, well-proportioned living space -- a rare combination of size and efficiency that supports strong tenant retention. Situated on a prime corner lot, the property benefits from excellent street presence, abundant natural light, and convenient access. It is also ideally located directly across from Shields-Reid Park, which is nearing completion of an $8 million renovation. The revitalized park will feature new recreation facilities and community spaces, further enhancing neighborhood appeal and long-term value for residents and investors alike.

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Location

701 Alamo Ave, Richmond, CA 94801

Status

For Sale
Jatin Mehta

Jatin Mehta

TITLE

Founder

Property Amenities

Interior
Flooring Wood
Total Bedrooms: 10
Area & Lot
Total area 2,928 Sq.Ft.
Lot Area 5,000 Sq.Ft.
Living area 2,928 Sq.Ft.
MLS® ID 41116669
Year Built 1948
Type Multi-Family
Status For Sale
Exterior
Air conditioning Other
Heat type Natural Gas
Parking Tandem
Lot Features Rectangular Lot, Paved
Utilities Cable TV, Wired For, Individual Electric Meter, Individual Gas Meter
Finance
Sales Price $998,000
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Thank you for your interest in 701 Alamo Ave, Richmond, CA 94801. We are reviewing your request and will be in touch shortly!

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