Description
This very nostalgic 2 story property is located at 6706 MacArthur Blvd in Oakland California, built in 1963. The building is 3,888 square feet and sits on a 0.35 acre lot with a total of 7 units. 7 low maintenance units on an extra big lot close to Mills College. Many of the units are substantially renovated. With 22% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. The apartment unit mix is 6 one bedroom and 1 studio units, there are 9 covered parking spaces. The quality of the building is maintained with pride. The property has a permitted foundation and seismic updates. The units are separately metered for gas and electricity. The property is located at easy access to I-580 and Hwy 13 and it is 1 mile from Mills College.
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Listing Agent: Steven Peterson
Listing Office: Infinity Investments
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