5801 Madison Ave Ave, Richmond, CA 94112

$850,000
2,714
SqFt

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List Price
$850,000
Status
ACTIVE UNDER CONTRACT
Days on Market
32
MLS#
326067629
Subtype
Residential Income
Year Built
1944
Living Area
2,714
Lot Size
5,772
Acres
0.13
Neighborhood
Richmond-Annex
MLS Area Major
Richmond-Annex

Property Description

5801 Madison Avenue presents a strong opportunity for investors looking to add a well-located fourplex to their portfolio. The property features four one-bedroom, one-bath units, each with separate gas and electric meters, offering a straightforward multifamily setup with stable rental income. Located near El Cerrito City Hall, shops, restaurants, freeway access, and BART, the property offers convenience for tenants while still being tucked into a residential setting. With all units designed for efficient long-term rental use, this is an opportunity for both first-time investors and experienced multifamily buyers to purchase an East Bay income property with room to evaluate future upside.

Additional Information

Heating
Wall Furnace
Air Conditioning
None
Levels
Two
Parking Features
Off Street

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Calculator source: Real Geeks

Listing courtesy of Amber Freitas from Twin Oaks Real Estate INC

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