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$ 1,100,000
Est. payment /mo
Active
Address not disclosed Oakland, CA 94606
6,969 Sqft Lot
UPDATED:
09/30/2024 06:45 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40845547
HOA Y/N No
Year Built 1964
Annual Tax Amount $17,316
Lot Size 6,969 Sqft
Property 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.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
Lot Description Sloped Down
Others
Tax ID 2129032
Listed by STEVEN PETERSON • INFINITY INVESTMENTS