Listed by Nolan Jones • KELLER WILLIAMS TRI VALLEY REALTY • 925-397-4200
$695,000
Est. payment /mo
2,050 SqFt
New
5116 Bancroft Avenue Oakland, CA 94601
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Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $339
Subdivision Bancroft
MLS Listing ID 41147669
HOA Y/N No
Year Built 1949
Lot Size 4,800 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
BEST PRICED 5 UNIT PROPERTY ON THE MARKET! Outstanding investment opportunity offering a 7.92% CAP RATE, 6.81 GRM, and $102,000 in gross potential income! This turnkey 5 unit property features all studio layouts, with three units tastefully renovated within the past few months. Numerous property improvements have already been completed, including the roof, providing strong cash flow and limited near term capital needs. Gated entry adds privacy and security. With strong income, recent renovations, and compelling investment metrics, this property stands out as an exceptional value. MUST SEE!
Location
State CA
County Alameda
Interior
Heating Electric
Cooling None
Flooring Laminate, Carpet
Fireplace No
Building
Water Public
Others
Special Listing Condition Standard
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