Christopher Danesi at RE/MAX Accord
East Bay Condo ManiaMLS: 41050927 $1,595,000
Bedrooms with Baths9874 BANCROFT
OAKLAND CA 94603MLS: 41050927
Status: ACTIVE
List Price: $1,595,000
Price per SQFT: $198
Square Footage: 8048Bedrooms
Baths
Year Built: 1960
Zip Code: 94603
Listing Remarks
10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8,050 square feet of rental space and sits on a 7,700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo
Address: 9874 BANCROFT OAKLAND CA 94603
Listing Courtesy of DAVID HOWARTH of THE PINZA GROUP, INC
Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2024-02-25 LIVING AREA SQ FT: 8048 YEAR BUILT: 1960 FLOORING: Other HEATING: Other COOLING: Other LOT FEATURES: Other PARKING FEATURES: Other PROPERTY TYPE: Commercial Sale PROPERTY SUB TYPE: Garden Apts ROOF: Other LISTING AGENT: DAVID HOWARTH LISTING OFFICE: THE PINZA GROUP, INC
Estimated Monthly Payments
List Price: $1,595,000 20% Down Payment: $319,000 Loan Amount: $1,276,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $8,065 Estimate does not include taxes, fees, insurance.
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Property Location: 9874 BANCROFT OAKLAND CA 94603
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Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
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Last Updated: 2024-04-26