Sold
1636 Clayton Road
Concord CA, 94520
$2,587,500
$451.73 per sqft
Sold
5,728 sqft
Multi-family
Built in 1961
Drive by only. Do not disturb tenants. 1636 Clayton Road presents an excellent opportunity for an investor to purchase a turnkey eight-unit apartment building with immediate day one cash flow. Built in 1961, the 5,728 square foot building sits on a 8,256 square foot lot with uncovered off-street parking spaces. The property consists of one well maintained 1 bedroom/ 1 bathroom unit and seven (7) 2 bedroom/ 1 bathroom units which are all individually metered for gas and electric. Six of the eight units are occupied by long term Section 8 tenants; providing consistent, recession/pandemic proof income. One unit is currently vacant and ready to rent. Additional income from laundry facilities and low operating expenses. Current ownership has completed significant capital improvements over the last few years including roof replacement, new water heater, and new laundry equipment.
41006517
MLSⓇ ID
August 25, 2022
Listed
May 9, 2024
Updated
Map
1636 Clayton Road
Concord CA, 94520
Interior Features
Appliances
Dryer, Washer
Floor Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Wall/Window Unit(s)
Heating
Yes
Heating Description
Multi Units
Exterior/Building Features
Lot Size
0.19 Acres
Lot Features
Regular
Sewer
None
Other Property Details
Area Name
Concord
Garage
No
Parking
Parking Lot, Space Per Unit - 1
View
No
County
Contra Costa
Water Source
None
Pool
No
Buyer Agency Compensation
2%
Listed by Eric Keena with BHHS Drysdale Properties
Listing Contact: 510-381-5434
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