2236 Hillsborough CtConcord, CA 94520

Property Details for 2236 Hillsborough Ct

Year built

1970

Property size (Sq ft)

3,340 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Concord

County

Contra Costa

State

California

Latitude

37.9979

Longitude

-122.037

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