6-unit mixed-use building with excellent current income and a market-leading cap rate. The property offers two retail units in the front building and four residential units in the rear building. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot with a huge backyard and ample parking. The property is 100% occupied and all tenants are current on rent. The retail units include one 3bd/1bth unit and one studio/1bth unit. The tenant in the studio unit has a lease for $1,500 but is currently the property manager and handyman for the owner so he is receiving free rent. The rear building offers one 4bd/2bth unit, one 3bd/1bth unit, and two 2bd/1bth units. The backyard is HUGE and offers a few additional structures that can be used for storage, office space, or possible future ADUs. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The tenants are nice, cooperative, and easy to manage making this an ideal property for an investor seeking max cash flow. This is one of the best blocks in East Oakland and rents fast when there are vacancies.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.