503 Winslow St Crockett, CA 94525-1249

This exceptional investment opportunity presents a 6-unit multifamily property in Crockett, CA, listed at $1,408,000. The property boasts two buildings situated on a 5,150 sq ft lot, comprising a 4-plex and a duplex. Each unit offers either in-unit laundry or hookups, enhancing tenant appeal. The property features 3 garages and additional on-site parking, a significant advantage for tenants. Individual PG&E meters simplify utility management. Built in 1962, the 3,042 sq ft net rentable space generates a strong NOI of $81,464, resulting in a compelling 5.79% cap rate. The price per unit is $234,667. Located in Crockett's unincorporated area, this investment avoids potential future rent control regulations. The property's location offers scenic waterfront views and proximity to the Carquinez Bridge and the C&H Sugar Factory, adding to its appeal. Seller financing is available, making this a particularly attractive proposition for investors seeking a value-add opportunity with significant upside potential. This property is ideal for both seasoned investors and those new to the market, offering a blend of strong current income and future appreciation potential. The tranquil setting and convenient amenities combine to create a highly desirable rental property in a charming waterfront community.