Seven Units Comprised of Four 1bd/1bth, Two 2bd/1bth, and One 2bd/2bth Detached Single-Family Home
Large 17,600 SF Lot With Potential to Construct Additional Units
Ample Parking With Attached Garages and Six Additional Parking Spots
100% Occupied with Stable and Paying Tenant Base & Rental Upside
All Utilities are Separately Metered and Tenant Paid Keeping Owner Expenses to a Minimum
Serene Water Front Location With Refreshing Open Space and Stunning Views
Turnkey Investment With a Current Cap Rate of 6.04%
Property Type: MultiFamily Asking Price: $1,995,000 Year Built: 1950 Number of Units: 7 Price/Unit: $285,000 Building Size: 5,098 SqFt Price/SqFt: $387.38 Cap Rate: 6.04% Market Cap Rate: 6.25% GRM: 13.09 Market GRM: 12.6 Lot Size: 17,600 SqFt
6345 Bethel Island Road is a MultiFamily property comprised of six cottage style units and single family home on a large 17,600 square foot lot. The property was built in 1950 and fully remodeled in 2021/2022, and contains private attached garages, as well as six additional parking spaces. With no city rent control, this investment is poised to take full advantage of appreciating rents. Tenants pay all of their own utilities keeping owner expenses to a minimum. With all units fully remodeled and many other upgrades to the property, this turnkey investment will allow any investor to easily take ownership and see immediate cash flow.
Bethel Island spans some 3,500 acres, bounded by the pristine waters of Piper Slough to the north, Sand Mound Slough to the east and Taylor Mound to the west and south. It’s minutes from over 1,000 miles of the Delta’s relaxed beauty and recreational bounty. Not to mention the best boating waterways in the country.
More than 2,000 people call Bethel Island home. The warm Mediterranean climate and one-hour drive time to the Bay Area makes it an ideal year-round escape for urbanites who dream of a Delta hideaway.