181 Units - 7.5% - Easy Management Multi-Family FOR SALE


Oakland, CA - San Antonio
$33,486,000 USD
209-604-9993
, Oakland, CA for Sale
$33,486,000 USD
Multi-Family - FOR SALE
1/4
null | 7.5% Cap Rate

181 Units - 7.5% - Easy Management
Oakland, CA
San Antonio


HIGHLIGHTS

  • 7.5% CAP Rate with Upside
  • Fully Rehabilitated
  • Own 181 Units with Economy of Scale on Same Block in Oakland
  • Soft Story and Sewer Lateral Completed
  • Entire City Block of Garages Included
  • Beautiful Marina Style Buildings

OVERVIEW

COOPERATING WITH ALL BROKERS! This portfolio of 181 units plus an entire city block of 43 garages is located on the same block in the Fruitvale area made up of mostly blue-collar Hispanics. The total mean cap rate is 7.5%. The buildings are completely renovated with great management in place. One of the buildings has a waiver of Ad Valorem property taxes and all buildings have 30% upside in the rents. The buildings can be sold separately, but a portfolio sale if preferred. They have a great unit mix of studios, 1 and 2 bedrooms with parking. It is walking distance to Fruitvale BART Station. There is no deferred maintenance. All Buildings are individually metered for gas and electric. The buildings are well constructed marina style buildings with electrical upgrades and new roofs in some and sewer lateral and soft story work done in others. Seller is ready to make a deal and is very motivated.

ASK ABOUT THIS PROPERTY

Frederick LewisAmerican Liberty InvestmentsMore Info
209-604-9993

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Frederick LewisAmerican Liberty InvestmentsMore Info
209-604-9993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.