5403 Mcbryde AveRichmond, CA 94805

Property Details for 5403 Mcbryde Ave

Year built

1955

Property size (Sq ft)

1,392 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Richmond, CA duplex presents a compelling investment opportunity. Built in 1955 and extensively renovated in 2009, this single-story building boasts 1,392 square feet of net rentable space situated on a 4,800 square foot lot. The property features two units, each offering two bedrooms and one bathroom, complete with updated kitchens, bathrooms, and flooring. Pride of ownership is evident throughout. Each unit includes its own private garage space, plus additional driveway parking. Convenient in-unit laundry connections are also provided. The property currently generates a Net Operating Income (NOI) of $23,163, with a pro-forma NOI of $28,838, representing a 3.56% cap rate and a pro-forma cap rate of 4.44%, respectively. The asking price is $650,000, or $325,000 per unit. The property is located at 5403 McBryde Ave, Richmond, CA 94805, in Contra Costa County. With its strong rental income potential and desirable features, this duplex is an ideal addition to any investment portfolio. The property's APN is 418-054-005. Four parking spaces are available.

Location Insight

City

Richmond

County

Contra Costa

State

California

Latitude

37.9491

Longitude

-122.326

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