1317 Burbeck Ave.

1317 Burbeck Ave. Richmond, CA 94801

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FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$850,000
Last Verified:
Aug 02, 2017

Highlights

  • Annual Stabilized Gross $130,000
  • Complete product quality control
  • No barrier to achieve market rate rents
  • Solid unit mix of five 2 bed 1 bath and one 3 bed 1 bath unit
  • Located within .5 miles of Richmond Bart

Description

Ethan Berger and the NAI Northern California multifamily team offer 1317 Burbeck Ave, Richmond. This is a Totally Vacant, Blank Slate. This is an ideal property for a Buyer with a construction background. The entire interior of the building has been stripped down to the studs, no cabinetry, no appliances and no fixtures. Five 2 bedroom units and one 3 bedroom unit, all new dual pane windows throughout, laundry room with hookups for individual water heaters for each unit, individually metered for PG&E. .5 Miles from Richmond BART.

1317 Burbeck Ave. is located in the Belding Woods neighborhood of Richmond, CA three blocks north of Barrett Ave and four blocks north of the Richmond BART station.


Year Built: 1961
Building Size: 4744.0sq ft
Lot Size: 0.19 acres

Map of 1317 Burbeck Ave., Richmond, CA, 94801

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.