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Fairmount Terrace Apartments
261-269 Fairmount Ave, Oakland, CA 94611
261 269 Fairmount Ave entrance
N/A
32
18,496 SF
Multifamily
Garden/Low-Rise
Investment
2.5%
7.33%
7.87
100%
2
1955
24,150 SF
10-806-2-2
25 / 1,000 SF
-
Last Verified 4/28/2011
Listing ID 16822590
Highlights
Outstanding Uptown Location- Serene Private Setting
- Parking and Laundry
Description
The Fairmount Terrace Apartments is a pair of 16-unit buildings with one non-conforming unit surrounding a central parking lot on a spacious corner lot. The north side apartments have balconies overlooking a stand of eucalyptus trees, providing a serene private setting.
All units are nicely appointed, clean one-bedroom/one-bath apartments of approximately 560 sq. ft. The property has on site laundry and is low maintenance.
An historically low vacancy rate is testament to this buildings desirability. With moderate aesthetic work this property can be transformed into a true cash-flowing gem.
Located in uptown Oakland within walking distance of a plethora of exciting destinations such as Kaiser Medical Center, Whole Foods Market, downtown Oakland and the Paramount Theater as well as access to Lake Merritt and the 19th Street BART stations and Piedmont Avenue shopping district.
Map of 261-269 Fairmount Ave, Oakland, CA 94611 (Alameda County)
Created 9/3/2010
Additional Information for 261 Fairmount Avenue, Oakland, CA 94611
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P