7-Units with Excellent Cash Flow - 8.36% Cap 2112 35th Ave Immeuble residentiel 7 lots 1 006 860 € (143 837 €/Lot) Taux de capitalisation 8,36 % Oakland, CA 94601

7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, granite counter tops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently, the building is 100% occupied making this a perfect investment for any buyer seeking a stable, high cash flowing building, with great upside. This is a high demand rental location near a variety of restaurants, coffee shops, and shopping options. The property is only a short drive to BART, Lake Merritt, Downtown Oakland, and San Francisco.
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