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Oakland,CA 94606
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40845547
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
Building
Lot Description Sloped Down