Four 3bd/2bth Units with 9.74% Cap Rate 1317 83rd Ave 4 Unit Apartment Building $1,521,960 CAD ($380,490 CAD/Unit) 10.52% Cap Rate Oakland, CA 94621

Extra Large 4-unit investment spread across two separate buildings providing maximum space and cash flow. The property was originally built in 1925, offers approximately 4,941 square feet of rental space, on a 4,941 square foot lot, with room for off-street parking for all the tenants. The unit mix is ideal and features four 3bd/2bth units with one unit delivered vacant at close of escrow. The units have been remodeled and offer newer kitchens and bathrooms, custom lighting and tile, wood floors, double pane windows, newer paint, and more. The building is fully occupied except for one 3bd/2bth unit that is being kept vacant for a possible owner-occupant. The building is easy to manage and separately metered for electric and gas providing for low annual operating expenses. This is a high demand rental location only a few blocks to many different restaurants, coffee shops, neighborhood markets, and a variety of shopping centers. The location offers strong regional connectivity with convenient access to HWY 880 and HWY 580, providing direct routes to Downtown Oakland, Alameda, San Leandro, Berkeley, and employment centers throughout the greater Bay Area. The Coliseum BART station is only a short drive and offers connections throughout the East Bay, San Francisco, and the broader BART system.
****CONTACT DAVID HOWARTH BY EMAIL AT DAVID@PINZAGROUP.COM OR TEXT AT 510-822-1331 FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.