2065 Riley Ct Concord, CA 94520

This exceptional 10-unit apartment building in Concord, CA presents a compelling investment opportunity. The property, located at 2065 Riley Ct, boasts 6,170 square feet on an 11,456 square foot lot and features a mix of one and two-bedroom units. Built in 1986 and extensively renovated in 2024, the three-story building currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $150,000. Each unit includes individual gas, water, and electric meters, simplifying tenant billing and management. Tenants benefit from convenient amenities such as assigned carport parking for 10 vehicles, plus additional parking. The property is secured by a gated entrance, enhancing tenant safety and peace of mind. The building is zoned for multifamily use, and the existing infrastructure presents potential for future expansion, such as adding a laundry facility. This stabilized investment, offered at $3,000,000, is ideal for a 1031 exchange and provides a significant return on investment. The property's prime location in Concord offers easy access to shopping and commuting routes. Financial records are available upon request. This is a turnkey opportunity for a savvy investor seeking a high-performing, low-maintenance multifamily asset. APN: 128-200-061-9.