Address not disclosed, Oakland, CA 94606
$1,100,000
Est. payment /mo
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6,969 Sqft Lot
Active

Address not disclosed Oakland, CA 94606

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Mason Frakes

Mason Frakes

+1(805) 260-4860

UPDATED:

Key Details

Property Type Residential Income

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 Sub-Type Apartment

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by STEVEN PETERSON INFINITY INVESTMENTS #01746140

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Mason Frakes

Mason Frakes

Broker Associate License ID: 02036823

+1(805) 260-4860

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