- Units: 19
- Cap Rate: 7.50 Percent
- Price Paying: 69.21 sqft
- Price Per Unit: $51,579
- Property Type: Multi Family
- Gross Rent Multiplier: 8.33
- Year Built: 1993
- Monthly Income Per Unit: $516.12
- Expense to Income Ratio: 37.57 Percent
Richmond North is a well-maintained community of eighteen California-style apartments and one home spread across a beautiful, quiet 3-acre parcel right off Main Street. Tucked back in the middle of the 3 acres, Richmond North boasts a lovely view of the acreage from all angles. Each with private entrances, tenants enjoy a sense of home ownership and country living in one. The apartment building contains 18 two-bedroom, one bathroom units (720 ft2).
Richmond North was built in 1993 on a solid concrete slab. The HVAC is outfitted with Tenant paid utilities for all 18 units and the house. Each unit is outfitted with separately-metered, gas-forced air furnaces and Central Air as well as separately-metered water and electricity. Amenities include patios and a quiet nature setting.
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