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$1,150,000
Est. payment /mo
3,027 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41105459
HOA Y/N No
Year Built 1926
Lot Size 3,027 Sqft
Property Sub-Type Triplex
Property Description
Fully remodeled 3-unit investment with high cash flow. The current cap rates 6.87% and the current GRM is 9.95%. The property offers three units consisting of two 3bd/2bth units with large basements and one detached studio unit. Currently, all bedrooms are rented individually to maximize cash flow, however the back detached studio unit will be delivered vacant at closing making a perfect set-up for an owner-occupant. All units have been fully remodeled and offer newer kitchens and bathrooms with stainless steel appliances, new cabinets, new fixtures, custom lightning, newer flooring, newer paint, custom tile work, double pane windows, and more. The property is easy to manage, and the units are separately metered for PG&E providing for low future annual expenses. The property has upgraded electrical and plumbing systems and all known maintenance issues have been addressed resulting in a 100% turn-key property for the next investor. The property is located on a quiet cul-de-sac with mostly single-family homes and high pride of ownership. The property offers a great location for tenants and is close to a variety of restaurants and shopping options with easy access to BART, Downtown Oakland, HWY 580 and HWY 880.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Parking Features Other
Total Parking Spaces 2
Building
Sewer Public Sewer
Others
Tax ID 2674024
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Listed by David Howarth The Pinza Group, Inc
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