3240 61st Ave - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$990,000 USD
510-938-1855
3240 61st Ave, Oakland, CA for Sale
$990,000 USD
Apartments - FOR SALE
1/3
null | 3.54% Cap Rate

3240 61st Ave
Oakland, CA 94605
Middle East Oakland


OVERVIEW

SUBJECT PROPERTY HAS UPSIDE POTENTIAL SINCE THERE ARE 4 GARAGES UNDERNEATH THE 8 UNITS AND THE OTHER 2 UNITS ARE AT THE BACK OF THE GARAGES, THE GARAGES COULD BE CONVERTED TO MINIMUM 2 GOOD SIZE UNITS PROBABLY 2 BEDROOMS 1 BATH WHICH IT WILL INCREASE THE VALUE TO TO RENT INCREASE TO BE COLLECTED . SOME OF THE UNITS BEEN REMODELED AND THREE UNITS WAS REHABS DUE TO WATER DAMAGE FEW YEARS AGO AND SPEND OVER $200,000 THE MARKET PRICE IS $1,200,000 PLUS MINUS , BUT SELLER IS VERY MOTIVATED TO GO IN TO DIFFERENT INVESTMENT AFTER 15 YEARS OWNING THIS PROPERTY.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

10

PRICE/UNIT

$99,000

CAP RATE

3.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1948

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R70, Oakland

APN/PARCEL ID

037A-2734-001-04

ASK ABOUT THIS PROPERTY

Ahmad RismanchiREALTY EXPERTSMore Info
510-938-1855

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Ahmad RismanchiREALTY EXPERTSMore Info
510-938-1855

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