Oakland, CA 94606
- $1,100,000
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 40845547
- Year Built
- 1964
- Lot Size
- 7,000
- Acres
- 0.16
- Lot Location
- Sloped Down
- Days on Market
- 2870
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. Two of the units are rented close to market and the other Three are under market, which means there is also upside value in the rents.
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Additional Information
- Taxes
- $17,316
- Heat
- Wall Furnace
- Cooling Description
- None
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $97,920
Listing courtesy of Listing Agent: STEVEN PETERSON (peterson.infinity@gmail.com) from Listing Office: INFINITY INVESTMENTS.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.