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Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc
$ 749,000
Est. payment | /mo
8 Beds
4 Baths
3,044 SqFt
$ 749,000
Est. payment | /mo
8 Beds
4 Baths
3,044 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,044 sqft
Price per Sqft $246
MLS Listing ID EB41146936
Bedrooms 8
Year Built 1907
Lot Size 9,750 Sqft
Property Sub-Type Duplex
Source Bridge MLS
Property Description
Two houses on one parcel with excellent cash flow. The current cap rate is 6.89% and the current GRM is 10.58. The unit mix is ideal and offers 4 bedrooms and 2 bathrooms in each house. The property was originally built in 1907, offers 3,044 square feet of rental space, and sits on an oversized 9,750 square foot lot with room for parking for all tenants. The property is 100% occupied with stable tenants paying market rent but will also make an amazing investment opportunity for an owner-occupant. The property is easy to manage and is separately metered for electric, gas, and water providing for low annual operating expenses. The exterior and interior are in great condition with very little deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a high demand Oakland location near many restaurants, shopping options, parks, schools, and easy access to BART and public transportation. The property is located in a high demand location with convenient access to neighborhood restaurants, coffee shops, shopping centers, a variety of schools and BART. Public transportation is readily accessible throughout the surrounding area, with multiple AC Transit routes operating nearby. The Coliseum BART Station is nearby offering easy access to Downtown Oakl
Location
State CA
County Alameda
Area Oakland Zip Code 94621
Interior
Heating Other
Cooling Other
Flooring Other
Laundry Other
Exterior
Exterior Feature Other
Parking Features Other
Garage Spaces 6.0
Building
Lot Description Other
Others
Tax ID 42-4255-24
Special Listing Condition New, Not Applicable
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