EXCELLENT VALUE ADD FOURPLEX OPPORTUNITY IN NEED OF SOME TLC. * NEAR DOWNTOWN MARTINEZ. THE PROPERTY HAS AMAZING VIEWS OF BOTH THE BAY AND THE MARTINEZ VALLEY. CONSISTING OF FOUR TWO-BEDROOM, ONE-BATH APARTMENTS AT ABOUT 828 SF EACH WITH ONSITE COIN-OPERATED LAUNDRY, CARPORT PARKING, NEW WINDOWS & ROOF. NO LOCAL RENT CONTROL CREATES A FANTASTIC OPPORTUNITY TO MAXIMIZE RETURNS ALONG WITH THE ADDITIONAL UPSIDE IN LAUNDRY INCOME AS WELL WITH OWNED LAUNDRY EQUIPMENT. FANTASTIC VIEWS OF CARQUINEZ BAY ON ONE SIDE, AND DOWNTOWN ON THE OTHER AND WITHIN A BLOCK FROM RANKIN SWIN CENTER AND PARK. Views: Carquinez
This prime property features 42 total units, including 30 1bd/1bth and 12 2bd/2bth units, spread over an expansive 1.6 acres of land, and offering incredible assumable financing at 4.65% interest amortized over 35 years and fixed until 2050. Completed in 2014, it is the first apartment project built in Martinez in over 25 years, boasting a parking ratio of 1.51/1,000 SF, with select units offering tandem two-car garages for added tenant satisfaction. Each features granite countertops, stainless steel appliances, hardwood flooring, custom baseboards, recessed lighting, in-unit washer and dryer, and central heating and air conditioning. The property also offers a suite of community amenities including controlled access, private garage, video patrol, 24-hour access, door-to-door trash pickup, recycling, online services, public transportation, elevator, fitness center, individual locking bedrooms, and private bathrooms.
Pacheco is located in California. Pacheco, California has a population of 5,129. Pacheco is less family-centric than the surrounding county with 31.06% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Pacheco, California is $93,737. The median household income for the surrounding county is $110,455 compared to the national median of $69,021. The median age of people living in Pacheco is 41.7 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 38.7 degrees. The average rainfall is approximately 18.3 inches per year, with 0 inches of snow per year.
