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Listed by Theodore Booras, DRE #01147469 • United Apartment Group
$ 1,210,000
Est. payment /mo
Price Dropped by $40K
40 Foster St Martinez, CA 94553
8 Beds
4 Baths
3,312 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,312 sqft
Price per Sqft $365
MLS Listing ID EB41128459
Bedrooms 8
Year Built 1964
Lot Size 5,555 Sqft
Property Sub-Type Fourplex
Source Bridge MLS
Property Description
40 FOSTER ST. IS AN EXCELLENT VALUE ADD FOURPLEX OPPORTUNITY NEAR DOWNTOWN MARTINEZ. THE PROPERTY HAS AMAZING VIEWS OF BOTH THE BAY AND THE MARTINEZ VALLEY. CONSISTING OF FOUR TWO-BEDROOM, ONE-BATH APARTMENTS AT ABOUT 828 SF EACH WITH ONSITE COIN-OPERATED LAUNDRY, CARPORT PARKING, NEW WINDOWS & ROOF. NO LOCAL RENT CONTROL CREATES AN EASY REPOSITIONING OPPORTUNITY WITH A FEW INTERIOR UPDATES AND SOME RENT INCREASES ALLOWING FOR A FULL MARKET RENT STABILIZED INVESTMENT QUICKLY AND EVEN SOONER WITH SOME NATURAL TURNOVER. ADDITIONAL UPSIDE IN ANCILLARY INCOME AS WELL WITH OWNED LAUNDRY EQUIPMENT. FANTASTIC VIEW OF CARQUINEZ BAY ON ONE SIDE, AND DOWNTOWN ON THE OTHER. ONE BLOCK FROM RANKIN SWIN CENTER AND PARK.
Location
State CA
County Contra Costa
Area Martinez
Interior
Heating Wall Furnace
Cooling Other
Flooring Laminate, Linoleum, Vinyl, Carpet - Wall to Wall
Laundry Community Facility
Exterior
Exterior Feature Stucco, Siding - Wood , Wood Frame
Garage Spaces 8.0
View Hills, Panoramic, Carquinez
Roof Type Rolled Composition
Others
Tax ID 372-051-015-9
Special Listing Condition Not Applicable
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