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Alliance Bay Realty
203 Bissell Avenue, Richmond, CA 94801
- $989,000
- 3,932
- SqFt
- List Price
- $989,000
- Price Change
- ▼ $10,000 1788484826
- Days on Market
- 158
- MLS#
- ML82045270
- Living Sq. Ft
- 3,932
- Lot Size
- 3,484
- Type
- Multifamily
- Zip
- 94801
- city
- Richmond
Property Description
Marcus & Millichap is pleased to present 203 Bissell Ave, offered at $1,150,000, 203 Bissell Ave is a 4 unit multifamily property located in Richmonds Iron Triangle neighborhood. Built in 1908, the property totals approximately 3,932 SF on a 0.08acre lot and is currently 50% occupied, presenting a clear value add and leaseup opportunity. The unit mix consists of one 4BD/2BA unit, two 4BD/1BA units, and one co-living layout, with inplace rents estimated ~13% below market. Utilities are efficiently structured with separately metered gas and electric and master metered water. Street parking only. Financial highlights include an 8.90% current cap rate and a 10.64% pro forma cap rate, supported by strong rent growth potential and operational upside. The property is within close proximity to Richmond BART & Amtrak ( 1.3 miles), major freeways (I80, I580, SR4), Kaiser Permanente Richmond Medical Center, and regional employment hubs. An ideal opportunity for investors seeking high yield, upside through rent increases, and a well-located small multifamily asset in the East Bay.
Additional Information
- Building Type
- Quadruplex
- Laundry
- Coin Operated
- School District
- West Contra Costa (510) -231-1100
- High School
- West Contra Costa (510) -231-1100
- Elementary School
- West Contra Costa (510) -231-1100
- Neighborhood
- Ca
- Heating
- Natural Gas
- Cooling
- No Air Conditioning
- Year Built
- 1908
- Water Sewer
- Public
- Acres
- 0.08
- Roof
- Rolled/Hot Mop
Mortgage Calculator
Listing courtesy of Eymon Binesh from Marcus & Millichap. 650-546-1030
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