503 Winslow StCrockett, CA 94525
- Residential income properties
- 3,465 SF
Property Details for 503 Winslow St
- Year built
- 1908
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 3,465 SF
- Zone code
- R-6
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 354-075-009-2
- APU
- 3540750092
Description
This exceptional investment opportunity presents a 6-unit multifamily property in Crockett, CA, listed at $1,408,000. The property boasts two buildings situated on a 5,150 sq ft lot, comprising a 4-plex and a duplex. Each unit offers either in-unit laundry or hookups, enhancing tenant appeal. The property features 3 garages and additional on-site parking, a significant advantage for tenants. Individual PG&E meters simplify utility management. Built in 1962, the 3,042 sq ft net rentable space generates a strong NOI of $81,464, resulting in a compelling 5.79% cap rate. The price per unit is $234,667. Located in Crockett's unincorporated area, this investment avoids potential future rent control regulations. The property's location offers scenic waterfront views and proximity to the Carquinez Bridge and the C&H Sugar Factory, adding to its appeal. Seller financing is available, making this a particularly attractive proposition for investors seeking a value-add opportunity with significant upside potential. This property is ideal for both seasoned investors and those new to the market, offering a blend of strong current income and future appreciation potential. The tranquil setting and convenient amenities combine to create a highly desirable rental property in a charming waterfront community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,460,768
- 6.5%
- $1,348,401
- 7%
- $1,252,087
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,353,109
- Geo Method
- $1,497,956
-
Alternative Use
- Use
- Valuation
- Residential
- $1,348,401
- Hospitality
- $1,235,128
- Educational
- $1,027,612
- Medical
- $1,062,953
- Retail
- $1,598,508
Location Insight
- City
- Crockett
- County
- Contra Costa
- State
- California
- Latitude
- 38.0551
- Longitude
- -122.214
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].