Description
Outstanding 22-unit multi-family real estate investment located in the Ralph Bunche neighborhood of West Oakland CA near Uptown Oakland and City Center, a 10 Minute walk to 19th St BART and a 20 minute ride to San Francisco. This is a well-maintained mid-rise apartment building with two adjacent large vacant non-conforming, industrial-type units. Each floor has 11 units, consisting of nine studios and thirteen 1bd units, most have been significantly remodeled. There is a strong tenant profile, historically low vacancy rate, and the possibility of adding additional parking. A complete rooftop solar PV system keeps expenses low with added income from a separate laundry room. Other features include an automatic gate, hard-wired fire alarm, security camera system all new windows, newer paint, and new common area flooring. Email broker for virtual tour and disclosures. Shown by appointment, open house schedule TBD.
Location
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3 Beds
$7,195,000
MLS# ML81799542
Listing Agent: Ryan Eltherington
Courtesy of: Midtown Realty
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