305 - 307 Ripley Avenue
Richmond, CA 94804
$895,000
305 – 307 Ripley Avenue, Richmond, CA 94804
4 BD
4 BA
2,102 SF
1927
3,800 SF Lot
4 Units
About 305 - 307 Ripley Avenue
Market Rate Rents in Well Maintained FourPlex
Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6452 translates to a 4.4% cap rate, an enticing option in this market. Professional property management has ensured that the rents are current and that the available increases have been applied to existing tenants. Maintenance records are available back to 2019 - responsive owners have made necessary repairs. The vacant unit was updated in 2019 and the others have been refreshed between tenants.
Conveniently located just minutes from downtown Richmond with all its transit hub and Kaiser Richmond, you'll attract tenants looking for an easy commute. Two nearby bus lines and easy access to 580 and 80, plus the San Francisco ferry, round out the transportation options. The Stuart Park playground, a block away, will attract families. Pt. Richmond, Pt. Pinole Regional Park, and downtown Richmond offer cultural, recreational, and dining options, broadening the property's appeal.
How often do you find an income property where you won't be waiting years to realize your income potential? Or where you can review the maintenance records to better understand your potential outlays? Or where the transit and lifestyle options ensure a steady stream of tenants? Whether you will realize your investment from all 4 units or make the vacant unit your home, this is the investment you've been hoping to find.
Status: Active
Features & Updates
- Each unit is at market rent – no need to wait to realize your potential
- 3 occupied units and 1 vacant unit – move in or choose your own tenant
- Additional income from 2 storage areas
- Maintenance records available from 2019
- Vacant unit renovated in 2019
- Level yard for play area for kids of all ages
- Upper units feature large kitchens with dining area
- Lower units feature a modern, open plan layout
- Parking for upper units on site
- Playpark, 2 bus routes nearby
- Minutes to the Richmond Transit Hub, Richmond BART, the Richmond / San Francisco Ferry, and Kaiser Richmond
- Easy access to Pt. Pinole Regional Park and Pt. Pinole
Location Details
Conveniently located just minutes from the Richmond Transit Hub, Richmond BART, the Richmond Ferry, and Kaiser Richmond, 305 Ripley is a wonderful location for tenants who work locally or anywhere in the Bay Area. On the weekends, they’ll take the kids to the Stewart Playpark just down the street. Or they’ll hop on the bus which goes to Pt. Pinole Regional Shoreline for a barbecue, spectacular views, and an afternoon relaxing under the trees, enjoying views of the Bay and the City. They’ll also love the easy access to Pt. Richmond with its local theater, cafes and eateries, and quirky local shops. They can swim at the beautifully renovated, enormous Richmond Plunge – the jewel of Richmond recreation or take advantage of the many programs at the West Side Branch Library. Or they can visit the Rosie the Riveter Museum to learn what it was like to construct the ships that won World War II from the women who built them. For bigger adventures, Richmond Parkway is at their doorstep with its easy access to 580 and 80 or catch Amtrak right downtown.