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Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc
$ 1,895,000
Est. payment | /mo
3 Beds
1 Bath
6,577 SqFt
$ 1,895,000
Est. payment | /mo
3 Beds
1 Bath
6,577 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,577 sqft
Price per Sqft $288
MLS Listing ID EB41145903
Bedrooms 3
Year Built 1986
Lot Size 0.294 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
8-unit apartment complex offering eight 3bd/1bth townhome units with excellent current income and strong rental upside. 9.71% cap rate and 7.40 GRM! The property was originally built in 1986, offers approximately 6,577 square feet of rental space, and sits on an oversized 12,812 square foot lot with ample room for parking. The property is 100% occupied with stable tenants paying market rent delivering market-leading cash flow. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The units have been remodeled and offer updated kitchens and bathrooms with stainless steel appliances, granite counter tops, newer cabinets, newer vanities, new fixtures, custom lighting, and more. The exterior and interior are in great condition with very little deferred maintenance resulting in an attractive turn-key investment.
Location
State CA
County Alameda
Area Oakland Zip Code 94605
Interior
Cooling Other
Flooring Other
Exterior
Exterior Feature Other
Parking Features Other
Garage Spaces 8.0
Roof Type Other
Building
Lot Description Other
Others
Tax ID 37A-275-513-51
Special Listing Condition New, Not Applicable
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