5-unit apartment complex offering an ideal unit mix of one 3bd/2bth unit, three 2bd/1bth units, and one 1bd/1bth unit. The property was built in 1966, offers approximately 4,693 square feet of rental space, and sits on a 4,750 square foot lot with off-street garages and parking for all the tenants. The 3-bedroom unit is vacant and fully remodeled and perfect for an owner-occupant or investor looking to lease at high market rates. The property has been well maintained, has nice, cooperative tenants, and is currently managed by the owner. The property has no deferred maintenance and is separately metered for PG&E providing for low annual expenses. Seller financing is available with 25% down payment, interest rate of 4.5%, and a 5+ year term. This is a perfect opportunity for an investor seeking a clean building with rents that below the market with huge rental upside.
Attractive Fruitvale location on a quiet block comprised of single-family homes and smaller apartment buildings. The location is ideally located near HWY580 providing easy access to Lake Merritt, Downtown Oakland, and Lakeshore restaurants and shopping.
