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Listed by Adam McClure • PORTIA+ROHM REALTY
$ 1,075,000
Est. payment | /mo
3,600 SqFt
$ 1,075,000
Est. payment | /mo
3,600 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $298
MLS Listing ID EB41100278
Year Built 1918
Lot Size 5,362 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Eight units (3 AirBnB, 5 long term tenants) with 9%+ IN PLACE cap rate. Consistently full. Levered ROI @ 18.5% with 25% down. New electrical meters and many renovated units. Solid value with architect study showing additional 4 ADU units possible for buyer. Projected $98k NOI for 2025.
Location
State CA
County Alameda
Area Oakland Zip Code 94612
Interior
Heating Baseboard
Cooling Window / Wall Unit
Flooring Laminate
Exterior
Exterior Feature Masonry
Parking Features Parking Area
Garage Spaces 6.0
Roof Type Composition
Building
Lot Description Regular
Water Public
Others
Tax ID 8-678-22-2
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884