52-54 E 16th Street
- Ideal Antioch Location
- Easy to Manage
- Fully Leased
- Well Maintained Property
- 6.07% Cap Rate
- Upside Potential
What this property offers
As exclusive agents, Urban Group Real Estate is pleased to present 52-54 E 16th Street Antioch, CA for purchase.
52-54 E 16th Street is an easy to manage, fully leased 7-unit multifamily property on an expansive 16,552 square foot lot. The property consists of two buildings, a one 4-bedroom 2-bath house and a one 6-unit building. The 6-unit building is comprised of six spacious 2-bedroom 1-bath units, all with similar floor plan and each approximately 707 square feet.
All units are well maintained with recent updates. 14 on-site parking spaces. Flag lot provides private setting. The house features a generous rear yard while a storage shed hints at the potential for an additional dwelling unit (ADU) or convenient laundry room conversion. In place 6.07% cap rate and 10.94 GRM. Ideal investment opportunity with upside potential, just a 6-minute drive from the Antioch BART Station.
Discover Antioch, the East Bay’s captivating “Gateway to the Delta.” With 115,291 residents, it’s Contra Costa County’s second-largest city, nestled by the San Joaquin-Sacramento River Delta and adjacent to Highway 4. Antioch brims with job opportunities, shopping, and diverse recreation, seamlessly blending natural beauty with urban vibrancy at the heart of Eastern Contra Costa County.