1468 Marclair Dr Concord, CA 94521

This Concord, CA fourplex presents a compelling value-add investment opportunity. The 3,100 square foot, two-story wood-frame building, constructed in 1962 and renovated in 2020, boasts four spacious two-bedroom, one-bathroom apartments, all currently occupied. Situated on a 6,000 square foot lot, the property includes eight covered parking spaces. Three of the four units have undergone recent updates, offering immediate income potential. The property's current occupancy rate is 100%, with month-to-month leases in place. Significant upside potential exists through rental increases, and additional income streams from laundry, parking, and storage. The asking price is $1,199,000, representing a price per square foot of $386.77 and a price per unit of $299,750. A pro-forma cap rate of 6.40% is projected. Seller financing may be available. This property is located at 1468 Marclair Dr, Concord, CA 94521, in Contra Costa County.