203 Bissell Avenue

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203 Bissell Avenue

Richmond, CA 94801
Asking Price
$999K
Cap Rate
8.9%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Richmond.
  • Property features a total of four individual residential units.
  • Investment opportunity currently offering an 8.9% cap rate.
  • Asset is priced at nine hundred ninety-nine thousand dollars.
  • Located in the established residential submarket of Contra Costa County.

What's Special

This multifamily property at 203 Bissell Avenue in Richmond is available for sale, offering a practical addition for investors focused on stable residential income. The apartment building comprises four units and currently reflects an 8.9% cap rate. Situated within the East Bay, the property benefits from the regional connectivity of the San Francisco Bay Area, an area noted for its robust employment base and consistent demand for housing. Given the configuration and unit count, this asset serves as an ideal entry-level acquisition for private investors or those managing small-scale residential portfolios. The location provides access to major transportation arteries and urban amenities typical of this established suburban market, supporting long-term tenant appeal. Prospective buyers seeking value-add potential or stabilized cash flow within a high-demand housing sector will find the scale and metrics of this building align well with current investment objectives in the California market.

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NOI
$80,000
Cap Rate
8.01%
DSCR
1.35
Strong
Cash-on-Cash
6.90%
Monthly Payment
$4,942.507
Annual Cash Flow
$20,689.917

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