Multifamily For Sale

Overview

Highlights

• Three Weeks on Market
• Multiple offers, highly competitive bidding
• Buyer & Seller represented by Berger & Associates
• 100% occupied with 100% rent collections at the time of sale

Description

Berger & Associates of NAI Northern California is proud to announce our latest closing, 1660 Haller Ct, Concord. During our three week marketing period, we generated multiple offers yielding the Seller nearly a 10% premium over other properties sold in the immediate area. The property consists of twelve 2-bedroom, 1-bath units, each individually metered for gas & electric. Each unit features wall A/C, gas wall furnace, gas range/oven, wood pattern flooring in living & bedroom areas, tile flooring in the kitchens & baths, dual pane vinyl windows, one covered assigned parking stall, and a storage closet.

Location

The City of Concord is the largest city in Contra Costa County and the eighth-largest city in the Bay Area with a population of 122,000 and is located 29 miles east of San Francisco. Over the past few years, the Concord rental market has been one of the best performing in the Bay Area. Concord's rental market has significantly benefited from the population flow of apartments residents, leaving denser urban areas toward more suburban areas with greater affordability. Solid rental demand and a lack of new construction have led to 5.8% YOY rent growth and occupancy levels at over 96%. Even with recent robust rent growth, Concord rents, on average, are still cheaper than most other Bay Area cities making it an attractive destination for price sensitive renters.

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