Meticulously Maintained Multifamily Asset
20 Unit Apartment Building | $6,350,000 ($317,500/Unit) | 5.30% Cap Rate | Concord, CA 94519
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,350,000
- Property Type
-
Multifamily
- Square Feet
- 18,050 SF
Listing Contacts
Randell Silva
Verified Profile
Timothy Warren
Verified Profile
Kent Mitchell
Verified Profile
- Property Info
Property Overview
The Mitchell Warren Team is pleased to present 3515 Chestnut Avenue, an impeccably maintained 20-unit asset in the heart of Concord. The 18,050 square foot property consists of one (1) 3- bedroom, 1.5-bathroom townhouse, one (1) 2-bedroom, 1.5-bathroom townhouse, and eighteen (18) 2-bedroom, 1-bathroom units. The spacious units o?er excellent ?oor plans, ample light, and extensive closet/storage space. Additional amenities include large private balconies, covered parking, on-site laundry, as well as a community pool for tenants to enjoy. This pride of ownership property stands out for its pristine cleanliness, exceptional upkeep, and excellent occupancy history demonstrating the strong demand for this location. Don’t miss out on this chance to secure a turnkey multifamily asset in one of the East Bay's most desired submarkets.
Property Details
- Class
- C
- Year Built
- 1971
- Stories
- 2
- Property Subtype
- Manufactured Housing/Mobile Home, Office/Residential, Dormitory
- Lot Size (sq. ft)
- 36,155 SF
- Units
- 20
Highlights
- Consists of one (1) 3bd-1.5ba townhouse, one (1) 2bd-1.5ba townhouse, and eighteen (18) 2bd-1ba units
- Features include secured gated access, on-site laundry, and a community swimming pool
- Spacious units with private balconies/patios and dual-pane windows
- 21 covered parking spaces, 8 surface spaces, and 1 secured garage space o?ering ample parking for tenants and guests
- Close proximity to I-680, SR-4, and the Concord BART station o?ering complete Bay Area access
- Minutes from Todos Santos Plaza o?ering a weekly farmers market and an array of dining and entertainment options
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