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Property Detail

Bayview Avenue
5314 Bayview Avenue is an exceptional apartment complex offering near-market rents in place .
$1,850,000
Manufacturer: https://nainorcal.com/

Description

  • 5314 Bayview Avenue is an exceptional apartment complex offering near-market rents in place and immediate showings available.
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  • Diverse mix of six two-bed, one-bath units and one four-bedroom two-bath unit with an attached garage, in-unit laundry, and forced air HVAC.
  • Add value through operational cost reductions and cosmetic enhancements to elevate the property’s appeal and rental income.
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  • Excellent Richmond Annex location with easy access to Interstates 80 and 580, with the Del Norte BART station just 1 mile away.

Executive Summary

NAI Global represents a highly motivated seller offering a rare investment opportunity in the Richmond Annex location. 5314 Bayview Avenue is a multifamily asset consisting of a total of seven units across 6,144 square feet.

The front building is a four-bedroom, two-bathroom unit with an attached two-car garage. The rear two buildings house six two-bedroom, one-bathroom units. The property has limited deferred maintenance, and all rents are near market rate.

All units feature a gas oven/range, refrigerator, freezer, gas wall furnace, hardwood flooring in the living area and bedrooms, and tiled flooring in the kitchens and bedrooms. Additionally, all units have one covered assigned parking stall, and tenants have access to the on-site coin-operated laundry facilities, which also provide space for bike storage.

Richmond Annex offers easy access to major highways like Interstate 80, which makes commuting to Oakland, Berkeley, and San Francisco more convenient, especially for those who work in the city but prefer suburban living. The Richmond Annex is also close to the Richmond Parkway and the Richmond BART station, making it easy for residents to access public transportation. The neighborhood encompasses many grocery stores, boutique shops, local restaurants, and coffee shop options. The surrounding area feels like a quiet, suburban enclave with access to all the Bay Area offers.

5314 Bayview Ave

Listing ID : 00908

SKU: 908

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Price History

DateEventPrice
December 13 2024Listed$1,850,000.00