2901-2907 Nicol Ave - Apartments FOR SALE


Oakland, CA 94602- School
$1,050,000 USD
510-336-4721
2901-2907 Nicol Ave, Oakland, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/8
null | 7.08% Cap Rate

2901-2907 Nicol Ave
Oakland, CA 94602
School


HIGHLIGHTS

  • Two adjacent 4-unit buildings on one parcel
  • 8-unit property located in the Dimond District
  • 10% cap rate on market rents!
  • 8.86 GRM day one
  • Convenient access to I-580 and other Transit Options
  • Ease of management and low maintenance property

OVERVIEW

We are pleased to present an 8-unit property which consists of two adjacent 4-unit buildings on one parcel, offering ease of management and low maintenance. Built in 1940, this property boasts a desirable 10% cap rate on market rents and an 7.88 GRM day one. With a low price per unit and price per foot, it presents excellent value for multifamily/low-rise/garden investors. Convenient access to I-580 and transit options adds to its appeal. Don't miss out on this lucrative investment in the vibrant Dimond District

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

8

PRICE/UNIT

$131,250

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM-3

APN/PARCEL ID

027-0855-024-00

ASK ABOUT THIS PROPERTY

Grant ChappellNAI GlobalMore Info
510-336-4721

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Grant ChappellNAI GlobalMore Info
510-336-4721

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