For Sale, USD 2,350,000
45 W 10th St, Pittsburg CA 94565, Pittsburg, California, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : N/A
Land Size : N/A
Bedroom : 0
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
Property Description
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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45 W 10th St, Pittsburg CA 94565, United States,California,Pittsburg is a Pittsburg luxury Multi-Family Home listed for sale USD 2,350,000. This high end Pittsburg Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Pittsburg or search for luxury properties for sale in Pittsburg.