Fully remodeled Dimond District 4-unit apartment complex with excellent current cash flow. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and offers a large center courtyard. The property was fully renovated in 2014, and all units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. One of the best units will be delivered vacant at closing making for an ideal set-up for an owner-occupant or investor seeking max market rents. The property is easy to manage and separately metered for PG&E providing for low annual expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turnkey investment for the next owner. This is a perfect opportunity for a buyer seeking strong cash flow in a high demand rental location. The property is located in Oakland’s Dimond District, East of HWY 580, near countless restaurants, coffee shops, and shopping.
HIGHLIGHTS
4-Unit Apartment Complex With Fully Remodeled Units
and Strong Current Cash Flow
Ideal Unit Mix with One 4bd/2bth Unit, One 3bd/2bth
Unit, One 3bd/1bth Unit, And One 2bd/1bth Unit
3bd/2bth Unit Delivered Vacant at Close of Escrow
Fully remodeled in 2014 with New Wood Floors, Custom
Molding, Granite Countertops, Stainless Steel Appliances,
Upgraded Lighting, Double Pane Windows, and New
Electrical and Plumbing Systems.
Separately Metered For PG&E with Low Operating
Expenses
Excellent Dimond District Location Near Numerous
Restaurants, Coffee Shops, Shopping, and HWY 580
Feel free to contact us for more details!
The Pinza Group (DRE: 01941229)