1895 San Vincente DrConcord, CA 94519
CONCORD · Contra Costa County
Description
The Driftwood Apartments, a well-maintained 27-unit multifamily property offering a proven value-add strategy and continued rental upside. The property consists of 14 two-bedroom, 8 one-bedroom, and 5 studio units totaling approximately 19,035 SF on a 28,314 SF lot. Ownership has renovated 17 of 27 units with updated kitchens and bathrooms, LVP flooring, LED lighting, dual-pane windows, and upgraded electrical. Renovated units currently achieve significant rental premiums, averaging approximately $593 for two-bedrooms, $504 for one-bedrooms, and $468 for studios. Additional highlights include a 2019 PVC roof replacement, 27 parking spaces, on-site laundry, and a utility recovery program for gas, electricity, water, and trash. With proven renovations, demonstrated rent premiums, and additional units available for future upgrades, The Driftwood Apartments offers investors multiple avenues for continued income and NOI growth.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1961
- Living area
- 19,035 Sq Ft
- Lot size
- 0.65 acres
- Days on market
- 74
- MLS® Listing#
- 41146851
Property Features
- Appliances
- Dryer · Washer · Gas Water Heater
- Cooling
- Wall/Window Unit(s)
- Heating
- Wall Furnace
- Flooring
- Vinyl
- Basement
- None
- Parking
- Covered · Parking Lot · Assigned
- Lot features
- Level
- Construction
- Stucco · Frame
- Roof
- Composition
- Security
- Carbon Monoxide Detector(s) · Smoke Detector(s)
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 1141920163
Listing Courtesy: NAI Northern California - 5103364712
Presented by: Ethan Berger
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