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Listed by David Howarth • The Pinza Group, Inc
$ 1,100,000
Est. payment | /mo
4,816 SqFt
$ 1,100,000
Est. payment | /mo
4,816 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,816 sqft
Price per Sqft $228
Subdivision Downtown
MLS Listing ID 41114372
HOA Y/N No
Year Built 1909
Lot Size 2,298 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
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.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Wood
Fireplace No
Building
Lot Description Other
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227