Virtual Tour

3033 Rheem Ave , Richmond CA

$650,000 | $2,996 / Month*

List Firm - Keller Williams Realty
List Agent - GRAHAM KING
MLS #40963380



Square Feet: 1906
Bedrooms: 4
Baths: 4
Appliances/Equipment: Microwave, Range/Oven Free Standing, Refrigerator, Wet Bar
Garage/Parking: Attached Garage
Lot Description: Level
Pool: None
Included: Double Strapped Water Htr
Foreclosure: No
Design: Two Story
Rooms: In-Law Quarters
Garage Type: Attached Garage
Stories: Two Story
Fireplace: None
Flooring: Tile, Other
Exterior Features: Patio
Construction: Siding - Lap, Siding - Stucco
Roof: Composition Shingles
Style: Fixer-Handyman Special
Cooling: Central 1 Zone A/C
Heating: Forced Air 1 Zone, Central
Laundry Hookup: In Laundry Room
Water/Sewer: Sewer System - Public, Water - Public

This is a great opportunity to finish construction on a permitted addition which will basically double the beds, baths, and square footage. All work has been done with permits and much of the plumbing, electrical, HVAC, and seismic work is already done. 2 beds, 2 baths and laundry on each floor. Live on one floor and rent the other and have your tenant pay your mortgage. Check with the city about turning one floor into an attached ADU. For the savvy investor, two rented units yields a potential CAP rate of 5.3% and a gross potential rent multiplier (GRM) of 11.3. Deals with these returns are hard to find! Newish water heater, furnace, AC, and ductwork. Basement storage under the rear patio. Lots of potential with this property. Don't miss the walkthrough video.

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