Description
Strong Cash Flow! 8.25% CAP, Over $10,670 Monthly Rental Income! A fully stabilized asset rare 5-unit investment property in Oakland’s Highland Terrace, offering both strong cash flow and future upside. This charming 5-unit building features a blend of updated interiors and exterior details, with several units recently renovated to maximize tenant appeal and rental value. The current tenants are clean, reliable, and financially stablemaking management easier and more worry-free for the new owner. In addition, the property includes a basement with an approved permit before to be converted into a legal 3-bedroom/1-bath unit, which could generate at least an additional $2,800+ in monthly rental income. Just minutes from Fruitvale BART, Highland Hospital, and Lake Merritt, with strong rental demand in the area, this property combines urban convenience with neighborhood charmideal for seasoned investors seeking steady cash flow as well as owner-occupants looking for flexible income potential.
Details
| MLS # | 41113788 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 331 |
| Listing Provided By | Alliance Bay Realty | Jun Li |
Features
| Units | 5 |
|---|---|
| Acreage | 0.08 |
Interior
| Cooling | None |
|---|---|
| Heating | See Remarks |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater, Dryer, Washer |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Corner Lot |
Taxes
| Property | 18237 |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | Other |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | Other |
 | $1,100,000Oakland, CA 94606 |