For Sale: Antioch 4-units

22 S Lake Dr Antioch, CA 94609

Large 4-unit apartment complex with excellent current income and an unbeatable Antioch rental location. The current cap rate is 6.33% and the current GRM is 11.24. The unit mix offers four 2bd/1bth units with up to eight off-street parking spaces. Three units are occupied with great tenants and the 4th unit will be delivered vacant at closing making for a perfect set-up for an owner-occupant. The property was originally built in 1968, offers approximately 3,300 square feet of rental space and sits on a 6,860 square foot lot. The property is easy to manage with low operating expenses with tenants paying all gas and electric expense. The units are fully remodeled with newer kitchens, bathrooms, new flooring, double pane windows, upgraded electric meters, mature landscaping, new paint, and more. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is an ideal Antioch rental location next to lake Alhambra. There are numerous restaurants, coffee shops, and shopping options nearby and relatively close to the Antioch BART station. *** Listed by David Howarth with the Pinza Group***