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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