Christopher Danesi at RE/MAX Accord
MLS: 41050927 $1,595,000 Beds / Baths
MLS #: 41050927 Status: PENDING List Price: $1,595,000 Price SQFT: $198 City: OAKLAND
Beds: Baths: SqFt: 8048 Year: 1960 Zip: 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
Listing Photos
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Last Updated: 2024-05-09