Property Detail

Description

Showing: Thursday 11/6 1:30-2:30pm. Extra Large 4,816 square foot 4-unit apartment complex near Downtown Oakland with strong current income and excellent rental upside. The current cap rate is 5.79% and the current GRM is 11.71. The unit mix is ideal and offers one 3bd/1bth unit, two 2bd/1bth units, and one studio unit. The top-story 2bd/1bth unit will be delivered vacant by close of escrow making a perfect set-up for an owner-occupant. The property is over 4,800 square feet and separately metered for water and PG&E providing for low annual operating expenses. The building is 100% occupied with nice stable tenants that are easy to manage. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The units have been remodeled with newer kitchens, bathrooms, hardwood floors, custom lighting, in-unit washer dryers, a new roof, and a nice backyard area. This is a perfect opportunity for owner-user looking to occupy one or more units or an investor seeking great cash flow in a quiet neighborhood.