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.
Details
| MLS # | 41145903 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 12 |
| Listing Provided By | The Pinza Group, Inc | David Howarth |
Features
| Units | 8 |
|---|---|
| Acreage | 0.29 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | See Remarks |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | See Remarks |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94605 |
| Community Name | EAST OAKL HILLS |
| Listing VS Median (in EAST OAKL HILLS) | |
Price: $1,895,000 low | high Med: $1,000,000 On site: 12 low | high Med: 45 | |
Market Activity 94605
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94605 |
| Community Name | EAST OAKL HILLS |
| Listing VS Median (in EAST OAKL HILLS) | |
Price: $1,895,000 low | high Med: $1,000,000 On site: 12 low | high Med: 45 | |
 | $639,0003440 68th AveOakland, CA 94605 |