3421 68th Ave, Oakland, CA 94605-2185
- $1,895,000
- List Price
- $1,895,000
- Status
- PENDING
- MLS#
- 41145903
- Year Built
- 1986
- Lot Size
- 12,812
- Acres
- 0.29
- Days on Market
- 13
- Property Type
- Multifamily
- Neighborhood
- East Oakl Hills
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.
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Additional Information
- Heat
- See Remarks
- Cooling
- Yes
- Cooling Description
- See Remarks
- Exterior Construction
- See Remarks
- Attached Structure
- Detached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: David Howarth (david@pinzagroup.com) from Listing Office: The Pinza Group, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.