305 Ripley Ave, Richmond, CA 94801

About this fourplex

This convenient investment property is located in a quiet, evolving Richmond neighborhood that is seven minutes drive from the Richmond BART station, and six minutes to the new direct ferry service to San Francisco! This property has four one-bedroom apartments (three units were updated 2014). There is one unleased unit -- this unit updated in late 2018. Three units that are currently leased, have a total current income of approximately $4353.00 (three units). The unleased unit's approximate market value is $1750 to $1900 - for a total of $6100/$6250 + per month income. Common area includes a large shared backyard, two one-car driveways and two half garages. The neighborhood is quiet, and the property is 1031-exchange eligible. Consider making this your home, or income property!

Listing description from the March 2019 sale, as reported to CRMLS.

Sale history

$720,000

Sold March 2019 · listed $725,000, on market December 2018 · MLS #40847782 · Source: CRMLS

Listing Agent: Perry Gastis · Listing Office: BHG RE RELIANCE PARTNERS · Contact: 510-868-1400 · Bought with: ELISABETH WATSON · ABIO PROPERTIES

$400,000

Sold April 2016 · listed $349,000, on market February 2016 · MLS #40727661 · Source: CRMLS

Listing Agent: MICHAEL HUGHEY · Listing Office: RE/MAX ACCORD · Contact: 510-339-4100 · Bought with: Eric Sadati · California Home Business Listi

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