8117 Ney Ave - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$1,100,000 USD
650-546-1030
8117 Ney Ave, Oakland, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/26
null | 6.21% Cap Rate

8117 Ney Ave
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • Off Street Parking, Parking Area

OVERVIEW

Marcus & Millichap is pleased to present 8117 Ney Ave, a well maintained 4-unit multifamily property located in Oaklands Eastmont Hills neighborhood. Built in 1947, the property totals approximately 3,277 SF on a 0.22acre lot and is 100% occupied. The unit mix consists of spacious 2 and 3bedroom units with individually metered gas and electric, master metered water, and gated driveway parking for 4 vehicles. Inplace rents are approximately below market, offering upside potential through future rent growth. Conveniently located near MacArthur Blvd, Eastmont Town Center, public transit, and with easy access to I580 and I880. A solid investment opportunity with stable income in an established East Oakland rental area.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RES

APN/PARCEL ID

040A-3422-039-00

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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