RE/MAX Accord
Adam Cox - DRE #01824392 , RE/MAX AccordPhone: (925) 209-6152
Email: [email protected]
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listing
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Single FamilyFor Sale
$2,350,000
45 W 10th St
Pittsburg, CA 94565
Listed by: Monjid Aldiyyat from Bhhs Drysdale Properties, 925-588-6402
MLS: Bay East Contra Costa (BECCAR)
7,574Sq Ft
Est. Mortgage
$12,230/mo

We are pleased to present 25-45 W. 10th Street in Pittsburg, CA. The property is a well maintained three-story building located within minutes to Downtown Pittsburg and the marina. Built in 1948, the 7,574 square foot building boasts a unit mix of three (3) 3 bed/1 bath units, two (2) 2 bed/1 bath units, three (3) 1 bed/1 bath units, and two (2) studios. Current ownership has renovated five units upon turnover, four of which included extensive value add renovations. Renovated units offer hardwood flooring, two-pane vinyl windows, new paint, and charming original features throughout. Some units have beautiful views of the marina in the distance. The sale includes the adjacent parcel which is a 14 stall parking lot for the property. The property is separately metered for PG&E, and the owner pays for water and garbage. In addition to off-street parking, the property also has onsite laundry, and perimeter fencing. New investors have the opportunity to assume the current financing on the property with a current balance of $1,319,000 at an interest rate of 3.72% with eight years remaining. With this significant reduction from current market interest rates, a new investor can assume the loan and capture a tremendous year 1 cash-on-cash return of 8.6%

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Information courtesy of Bhhs Drysdale Properties is subject to verification and is not guaranteed.
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