463 22nd Avenue

$100K Price Reduction! Light + bright Central Richmond beauty - with 2 VACANT Units. 1st time on the market in 60+ years and continuously owner occupied. This Edwardian 3-unit building features a handsome facade with bay windows, great natural light, and deep west facing garden. Total estimated annual income if fully occupied: $99,600 (+ $5,484/year with banked rent). Total annual expense: $30,446. Cap Rate: 3.65%. GRM: 19.03. Price per sqft: $554.09. Disclosure package including general inspection, structural pest inspection, lateral sewer inspection available. Property overview + floor plan in attachment link and at property website. 465A is a vacant, recently renovated junior 1BR (added with permit in 1961), 465 is a vacant, partially renovated 3BR/1BA middle unit with in-unit W/D, 463 is a tenant occupied 3BR/1BA top floor unit. 1 car garage is vacant. Constructed in 1916, this building is loaded with period charm - high ceilings, panelled walls, picture moldings, wood floors.