*****6 mulit-unit in Concord, CA For Sale debt positive at COE**
Hi everyone, I have been searching for investment opportunities in Walnut Creek, CA and I ran across a 6 plex in Concord, CA. After running my analysis, this appears to be an excellent opportunity. Please message me if you are interested in more information.
Below are a few details:
1.6-unit multi-family property.
2.Cap rate presented on Loopnet at 6.6%
3.2 story 6 plex consisting of four 2 bedroom 1 bathroom units and two 1 bedroom 1 bathroom units
4. Fully occupied. excellent rents are being received for area.
Based on my analysis, with 30% down, the property would immediately be debt positive.
This area would be considered “C” class.
This area of Concord traditionally has a stable tenant base and low vacancy rate.
The Monument area can be an excellent investment as long as you have an experience Property Manager to maintain it. As the potential Property Manager, I live locally, speak Spanish fluently, and am familiar with this area.
I have managed various local multi-family units and commercial office buildings for over 8 years and run across potential Investment opportunities periodically. Below is page 1 of the Property Analysis. Please message me for details