For Sale
$3,000,000

2065 Riley CtConcord, CA 94520

10-Unit Apartment Complex, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 10-unit multifamily property in Concord, CA.
  • 10 assigned carport parking spaces.
  • Individual electric meters for each of the 10 units.
  • Individual gas meters for each of the 10 units.
  • Space available for future laundry facilities.

Property Details for 2065 Riley Ct

Property type
Apartment buildings
Square Feet
6,170 SF
Year Built/Renovated
1986/2024
Buildings
1
Stories
3

Location Insight

City
Concord
County
Contra Costa
State
California
Latitude
37.961439
Longitude
-122.0407243
2065 Riley Ct, Concord, California

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2065 Riley Ct
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