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314-324 105th Ave 49 Unit Apartment Building $6,999,000 ($142,837/Unit) 6.20% Cap Rate Oakland, CA 94603
INVESTMENT HIGHLIGHTS
- near all shops and store
- great busy area
EXECUTIVE SUMMARY
Over $520,000 income
For Prime 49-unit Apartment Complex in Oakland, CA!
This well-maintained 49-unit apartment complex at 314-324 105th Ave, Oakland, CA 94603, is a prime investment opportunity with an impressive annual income of $520,000. The property consists of 21 one-bedroom, one-bath units (approximately 560 sq ft each) and 28 two-bedroom, two-bath units (approximately 799 sq ft each). With a 98% occupancy rate and a waiting list, this complex is a cash cow money-maker with substantial room for rental income growth as tenants vacate and rents are increased, offering a promising future for your investment.
The owner is highly motivated to sell and offers an assumable loan of approximately $4,500,000 at a low interest rate, making this an even more attractive deal. This apartment complex promises a stable and lucrative income stream, with its mix of unit types catering to a diverse tenant base, enhancing its rental prospects. The property is priced to sell and represents an excellent opportunity to invest in the thriving Oakland rental market. Asking price $6,999,000
For more information or to schedule a viewing, contact agent Matt Sadati at 925-932-2450 or his co-worker Tamana at 510-414-6023. This exceptional investment opportunity will not be missed, so act now!!!
For Prime 49-unit Apartment Complex in Oakland, CA!
This well-maintained 49-unit apartment complex at 314-324 105th Ave, Oakland, CA 94603, is a prime investment opportunity with an impressive annual income of $520,000. The property consists of 21 one-bedroom, one-bath units (approximately 560 sq ft each) and 28 two-bedroom, two-bath units (approximately 799 sq ft each). With a 98% occupancy rate and a waiting list, this complex is a cash cow money-maker with substantial room for rental income growth as tenants vacate and rents are increased, offering a promising future for your investment.
The owner is highly motivated to sell and offers an assumable loan of approximately $4,500,000 at a low interest rate, making this an even more attractive deal. This apartment complex promises a stable and lucrative income stream, with its mix of unit types catering to a diverse tenant base, enhancing its rental prospects. The property is priced to sell and represents an excellent opportunity to invest in the thriving Oakland rental market. Asking price $6,999,000
For more information or to schedule a viewing, contact agent Matt Sadati at 925-932-2450 or his co-worker Tamana at 510-414-6023. This exceptional investment opportunity will not be missed, so act now!!!
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- Gated
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 21 | - | 560 |
| 2+1 | 28 | - | 650 - 805 |
PROPERTY TAXES
| Parcel Number | 045-5369-011-03 | Improvements Assessment | $2,913,120 |
| Land Assessment | $2,288,880 | Total Assessment | $5,224,834 |
PROPERTY TAXES
Parcel Number
045-5369-011-03
Land Assessment
$2,288,880
Improvements Assessment
$2,913,120
Total Assessment
$5,224,834
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314-324 105th Ave
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