For Sale
$1,350,000

2236 Hillsborough CtConcord, CA 94520

Four-unit apartment building, excellent location, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
115
This well-maintained, two-story apartment building in Concord, CA, presents a compelling investment opportunity. Located at 2236 Hillsborough Ct, 94520, this 3,340 square foot Class B property boasts four units, each featuring two bedrooms and one bathroom. Recent updates include white cabinets, vinyl flooring, fresh paint, modern light fixtures, and hardware. Units offer spacious family rooms and either a deck or enclosed patio. Tenant amenities include a convenient on-site laundry room and covered parking for each unit. Gas and electric are tenant-responsible. The property enjoys a prime location, minutes from Highway 242, BART, shopping, dining, Concord John Muir Hospital, and downtown Concord. Built in 1970, this property offers a pro-forma NOI of $77,460 and a pro-forma cap rate of 5.74%. The asking price is $1,350,000, representing a price per square foot of $404.19 and a price per unit of $337,500. This is a turnkey investment ready for immediate income generation. The property is situated in Contra Costa County, California.

Highlights

  • $1,350,000 asking price for this four-unit apartment building.
  • Located at 2236 Hillsborough Ct, Concord, CA 94520.
  • 3,340 square feet, with a price per square foot of $404.19.
  • Features a 5.74% pro-forma cap rate and a $77,460 pro-forma NOI.
  • Four units, each with two bedrooms and one bathroom, priced at $337,500 per unit.
  • Built in 1970, this two-story Class B building includes updated units, onsite laundry, and covered parking.

Property Details for 2236 Hillsborough Ct

Property type
Apartment buildings
Square Feet
3,340 SF
Class
B
Year Built
1970
Buildings
1
Stories
2
Units
4

Location Insight

City
Concord
County
Contra Costa
State
California
Latitude
37.9978877
Longitude
-122.0370241
2236 Hillsborough Ct, Concord, California

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2236 Hillsborough Ct
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