5368 Fairfax Ave - Multi-Family FOR SALE


Oakland, CA 94601- Middle East Oakland
$550,000 USD
415-847-5669
5368 Fairfax Ave, Oakland, CA for Sale
$550,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

5368 Fairfax Ave
Oakland, CA 94601
Middle East Oakland


HIGHLIGHTS

  • Two separate buildings on one lot
  • Vacant unit
  • Value add opportunity

OVERVIEW

Discover a great value add opportunity at 5400 Princeton Street, a rare four unit property on a prominent corner lot in Oakland. The property includes two separate duplexes on one lot. Each unit has spacious two bedroom, one bath layouts that offer steady cash flow today and strong appreciation potential over time. One unit has been fully remodeled with new flooring, new bathroom, a brand new kitchen, new windows, and fresh interior paint. It is ready to be leased at a true market rent. Both buildings also have new exterior paint. The other three units are occupied by long time tenants on month to month agreements and are paying well below market rent, creating significant upside for a new owner. These units will need some TLC, but that is where the opportunity really is. This is one of the best valued fourplex values in the area. Properties at this price point are extremely hard to find. With new ownership and strategic management, 5400 Princeton Street has tremendous potential for any investor. Reach out for more information on special financing.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5400 Princeton Street

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

-

APN/PARCEL ID

035-2392-017-00

ASK ABOUT THIS PROPERTY

Mark ChowCompassMore Info
415-847-5669

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

Mark ChowCompassMore Info
415-847-5669

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