24-unit mixed-use investment featuring a unit mix of nineteen studios, two 1bd/1bth units, and three retail spaces. Excellent seller financing is available with only 3.0% down payment (97% LTV), 4.0% Interest Only, and a 7-year term. The property was originally built in 1925, offers 12,420 square feet of rental space, and offers a large basement perfect for building additional units. Many capital improvements have been completed including a new fire alarm system, electrical upgrades, boiler replaced, remodeled
units, and more. The units have been remodeled over time and offer newer kitchens, bathrooms, upgraded electrical and plumbing, new flooring, newer exterior and interior paint, and more. The exterior and interior are in great condition with very little deferred maintenance resulting in an attractive turn-key investment for the next owner. The property is near many restaurants, coffee shops, and many different shopping options. The property borders the neighborhoods of Fruitvale and East Lake and is only three miles from Downtown Oakland and about 14 miles to Downtown San Francisco.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.