Address Not Shown
Oakland, CA 94606
0.16 acres | #40845547
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.
Property Details
- Lot DescriptionSlopedDown
Measurements
- Acres0.16
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1964
Community and Neighborhood Details
- CountyAlameda
Financial Details
- Original List Price$1,100,000
- Taxes Annual$17,316
Other
- MLS #40845547
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: STEVEN PETERSON (#BMLS-R01746140)
Listing Office: INFINITY INVESTMENTS (#BMLS-OFIISP)
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