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Listed by David Howarth • The Pinza Group, Inc
$1,895,000
Est. payment /mo
6,577 SqFt
Pending
3421 68th Ave Oakland, CA 94605
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Key Details
Property Type Commercial
Sub Type Garden Apts
Listing Status Pending
Purchase Type For Sale
Square Footage 6,577 sqft
Price per Sqft $288
Subdivision East Oakl Hills
MLS Listing ID 41145903
HOA Y/N No
Year Built 1986
Lot Size 0.294 Acres
Property Sub-Type Garden Apts
Source Bridge AOR
Property 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.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
Water Public
Others
Special Listing Condition Standard
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