2140 Dutch Slough Rd - Apartments FOR SALE


Oakley, CA 94561
$1,695,000 USD
510-725-4775
2140 Dutch Slough Rd, Oakley, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/25
null | 6.5% Cap Rate

2140 Dutch Slough Rd
Oakley, CA 94561


HIGHLIGHTS

  • Nine Units Consisting of One 3bd/1bth House, Two 2bd/1bth, Five 1bd/1bth, and One Studio
  • Value Add! Large Basement Under Main House w/ Plumbing In Place and Space to Add Rental Unit
  • Large 40,075 Square Foot Lot With Excellent Potential To Add Extra Units/ADU's
  • All Units Remodeled in 2015, Huge 24 Slip Boat Dock, and No Deferred Maintenance!

OVERVIEW

The Pinza Group, Inc. is pleased to present the 2140 Dutch Slough Rd in Oakley, CA. This 9-unit investment property consists of one 3bd/1bth house, two 2bd/1bth units, five 1bd/1bth units, and one studio unit. The property was built in 1946 and sits on a large 40,075 square foot lot with ample room for parking, possible expansion, etc. The property is 100% occupied, easy to manage, and many units are under market in rent offering considerable rental upside for the next owner. All units were remodeled in 2015 and all deferred maintenance has been addressed providing a turn-key investment. Additional upside includes a large garage under the house with a bathroom that is not being rented along with a 24 slip boat dock that can be re-built for $75,000. This is a perfect opportunity for an investor or owner-occupant seeking a cash-cow waterfront apartment complex with multiple avenues for growth.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$1,211 USD /SF

# OF UNITS

9

PRICE/UNIT

$188,333

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Slough Rd Marina & Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

R-B

APN/PARCEL ID

032-091-004-5

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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