Charming East Richmond Heights Duplex for Sale – A Rare Investment Opportunity!

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This Updated OFF Market Income Property with Airbnb Potential & Long-Term Tenant is located in a Prime Richmond Location. Duplex offers excellent income stability and priced way below appraisal value for a fast sale.

RICHMOND, Calif. - Rezul -- Every so often, investment opportunities for real estate entrepreneurs or first time buyers emerge in highly sought-after neighborhoods as this duplex in East Richmond Heights.

This versatile and income-generating duplex, located on the corner of Key Blvd. and Barrett Ave, offers both modern updates and timeless charm, making it an ideal investment as a one unit owner-occupied (live in one unit and rent the other), multigenerational family (occupy both units) or a fully rented income property.

The duplex consists of two 1-bedroom, 1-bath units, each a mirror image of the other—except for a thoughtful modification in the Barrett Ave unit, where the dining room has been converted into an additional bedroom.

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Key Property Highlights:

✔ Fully Updated Barrett Ave Unit – Featuring modern plumbing and electrical upgrades, this unit's garage has been transformed into an Airbnb studio, complete with a kitchenette and private bathroom—offering excellent additional rental income potential.
✔ Key Blvd Unit Retains its Original 1930s Charm – A true vintage gem, providing a unique opportunity for restoration or customization.
✔ Long-Term Reliable Tenant – The Key Blvd tenant has resided in the home since 2007, never missing a rent payment—even during the pandemic.
✔ Desirable Location – East Richmond Heights is known for its shopping, restaurants, proximity to public transit, easy freeway access, and a strong sense of community.

Prime Investment with Negotiable Terms

Recently appraised at $826,000, this property is being offered at $784,000, that's $42,000 below market value with the seller open to negotiation, credits, and tenant relocation assistance if needed. All appraisal, disclosures and inspection reports are available.

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This East Richmond Heights duplex is a prime opportunity for investors, first time home buyer or homeowners looking for passive income in a rapidly growing market. Don't miss your chance to own this well-positioned property with significant upside potential!

For more details, showings, or offers, contact Bruno Versaci at:  📞 917-709-7324 or email at: bruno@brunoversaci.com  For a private viewing, click here and book a time at your convenience on my calendar.

Contact
Bruno Versaci
bruno@brunoversaci.com
9177097324


Source: Bruno Versaci Real Realtor
Filed Under: Real Estate
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