Property Detail

9874 Bancroft

Oakland CA 94603

$1,595,000

Status: Active

Property Details

Description

10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8,050 square feet of rental space and sits on a 7,700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo

Map Location

Listing provided courtesy of David Howarth of The Pinza Group, Inc. Last updated 2024-04-23 08:11:18.000000. Listing information © 2021 CRMLS.

Steele Realty Group

Steele Realty Group

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