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Listed by David Howarth • The Pinza Group, Inc
$ 1,295,000
Est. payment | /mo
3,275 SqFt
$ 1,295,000
Est. payment | /mo
3,275 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,275 sqft
Price per Sqft $395
Subdivision Adams Point
MLS Listing ID 41144653
HOA Y/N No
Year Built 1925
Lot Size 6,250 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
4-unit apartment complex located in Adams Point near many popular restaurants, shopping options, and outdoor activities. The unit mix offers three (3) 1bd/1bth units and one (1) studio unit with strong current income and excellent rental upside. Currently, the property is 100% leased to stable tenants providing for an opportunity for the next owner to increase rents over time for increased cash flow. The property was originally built in 1925, offers approximately 3,275 square feet of rental space, and sits on a 6,250 square foot lot with a huge backyard and room for off-street parking. The units have been recently remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, refinished wood flooring, custom tile, new paint, and more. The property is easy to manage and requires very little maintenance resulting in low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. This is a high demand Adams Point location near Lake Merritt, Grand Lake shopping, with easy access to downtown Oakland. The Adams Street area is one of the city's most established and in-demand sub-markets and is always easy to rent.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Tile, Wood, Other
Fireplace No
Building
Lot Description Other
Water Public
Others
Special Listing Condition Standard
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