Sold
4143 Fran Way
Richmond CA, 94803
$3,145,000
$256.94 per sqft
Sold
12,240 sqft
Commercial
Built in 1975
4143-4169 Fran Way, Richmond, positioned on the border of El Sobrante. This premier property comprises 12 townhome-style units with individual garages for each unit. The units features 2 bedrooms and 1.5 baths, caters to a diverse demographic, ensuring broad market appeal. Majority of the units have their own balconies increasing the rent-ability and value. The property is fully stabilized with 100% occupancy with an in-place Cap Rate of 6.17% and produces nearly a 5% cash on cash return day one. With a 10.8 GRM and $261 price per square foot, this investment is one you do not want to miss out. The property's location on the El Sobrante border and provides residents access to the amenities and charm of both Richmond hills and El Sobrante. Investors keen on maximizing returns and unlocking additional value should consider the prospect of condo conversion, turning each unit into a 2bed town-home condo (Buyer to do their own research).
41048716
MLSⓇ ID
January 30, 2024
Listed
November 21, 2024
Updated
Map
4143 Fran Way
Richmond CA, 94803
Interior Features
Interior Features
Other
Laundry Description
Coin Operated, Common Area
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.72 Acres
Lot Features
Other, See Remarks
Roof
Unknown
Other Property Details
Area Name
Richmond
Garage
Yes
Parking
Attached, Tandem
View
No
County
Contra Costa
Pool
No
Listing History
Date | Event | Price |
---|---|---|
4/17/2024 | Sold | $3,145,000 |
2/7/2024 | Pending | — |
2/5/2024 | Pending | — |
Listed by Willem Bos with COMPASS
Listing Contact: 916-698-9954
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