Two 4-unit buildings on one 100X100 parcel. Both buildings are being sold for $1,200,000. Sold as a package. Two buildings on one lot. A total of 8 2-bedroom, 1-bathroom units. Rents are considerably below market. Total monthly rent between both buildings is $8,350.00 or $100,200.00 annually. Operation of the property is subject to the provisions of the Richmond Fair Rent, Just Cause Eviction and Homeowner Protection Ordinance. Upside rent potential upon voluntary vacancies. Gas, electric, and water are on separate meters and paid by the tenants.
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