In place 6.07% cap rate. 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. Ideal investment opportunity with upside potential, just a 6-minute drive from the Antioch BART Station.
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