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Listed by Michael Hyles • Re/Max 1st Choice
$ 1,029,000
Est. payment | /mo
3,246 Sqft Lot
$ 1,029,000
Est. payment | /mo
3,246 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41107165
Year Built 1923
Lot Size 3,246 Sqft
Property Sub-Type Quadruplex
Property Description
MAJOR PRICE REDUCTION: $1,029,000 (WAS $1,165,000)! Updated, income-producing 4-plex in Oakland's desirable Maxwell Park! Property includes two 2BD/1BA flats upstairs and two 1BD/1BA units downstairs. Current monthly income is $6,785 ($81,420 annually) with an estimated 6.26% cap rate based on actual seller expenses. All units have updated kitchens, dual-pane windows, laminate flooring, and off-street parking. Two units include in-unit laundry. Major system upgrades: newer roof, updated plumbing and electrical. Tenants pay PG&E; owner pays water and garbage. Strong cash flow and low-maintenance setup make this ideal for investors or owner-occupants. Prime location near Mills College and MacArthur Blvd with easy access to 580 & 880. Please do not disturb tenants.
Location
State CA
County Alameda
Zoning Comm
Interior
Heating Forced Air
Flooring Laminate
Laundry Dryer Included, Washer Included
Exterior
Parking Features Gated
Building
Lot Description Sprinklers In Rear, Back Yard
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114