Howard Hanna Real Estate Svcs
Listed by Howard Hanna Real Estate Svcs
$159,900
480 S Richardson Avenue
Details
APN 010-051203
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $16,900
Price per SqFt $102
Year Built 1968
Year Renovated 2025
Acreage 0.160
Multifamily | 2 Units
Marketing description
BACK ON THE MARKET!! BUYER GOT COLD FEET AND WALKED AWAY FROM A GREAT DEAL! Desirable ranch duplex, with the back unit (480) having a privacy fenced yard area. Front unit (482) is vacant, has been freshly renovated and is ready to rent, w/ comparable units in the area renting at $850-$900/mo. Unit 482: New windows, kitchen cabinets, counter tops, sink, faucet, hanging microwave, peninsula island, new H2O tank, vinyl flooring thru livng rm and kitchen, stackable washer/dryer hookups, new drywall, paint, bath and much more! The back unit (480) is currently rented at $650/mo. by lng term tenant (19 yrs). 480 has not been renovated, so the property is priced accordingly. Listing agent is owner.
Listing Contacts
Howard Hanna Real Estate Svcs
Listed by Howard Hanna Real Estate Svcs
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$16,900.00
$1,408.33/mo
Valuation Metrics
0
DSCR
10.57%
Cap Rate
10.57%
ROI
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