512 S 16th StRichmond, CA 94804

Description

512 S 16th Street is a rare opportunity to acquire a secure, upgraded, and income-generating 6-unit apartment complex with both immediate cash flow and long-term appreciation potential. This well-maintained building features 5 renovated 2BD/1BA units at approximately 820 sq ft, plus Unit #2 offering an additional bonus room for flexible use. All units are tenant-occupied, each equipped with a Ring doorbell, a dedicated carport, and owner-paid water & garbage. The property offers gated pedestrian and vehicle access, 8 exterior security cameras, an on-site laundry room with 2 washers/2 dryers and private outdoor space for tenant use. With modern upgrades, stable tenancy, and a desirable unit mix, this asset provides a strong foundation for expanding your portfolio or entering the East Bay multifamily space.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1964

Lot size

0.18 acres

Parking spaces

6

Days on market

2

MLS^® Listing#

41149226

Property Features

Appliances

Gas Water Heater · Dryer · Washer

Heating

Natural Gas

Construction

Brick · Stucco

Roof

Shingle

Parcel number

5442720164

Directions

Cross Street: Cutting Blvd.