3607 Maple Ave
Oakland, CA 94602
0.10 acres | #41069971
Description
4-unit apartment complex with solid current cash flow and excellent rental upside. The current cap rate is 6.65% and the current GRM is 11.12. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The two best units will be delivered vacant making for a perfect opportunity for an owner-occupant or investor. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and sits on a 4,323 square foot lot with a large center courtyard. All units were completely renovated in 2014 and there is no deferred maintenance creating a turn-key investment for the new owner. All the units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. This is a perfect opportunity for any investor seeking strong cash flow in one of the most attractive locations in Oakland. This is an excellent Oakland location in the Dimond district East of HWY580 near countless restaurants, coffee shops, and shopping.
Property Details
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$1,650,000
- Property SubtypeQuadruplex
- MLS #41069971
- MLS #41069971
- CountyAlameda
- Cost1599000
- Acres0.0992
- Year Built1927
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: David Howarth (#BMLS-R01360348)
Listing Office: The Pinza Group, Inc (#BMLS-OBPINZA)
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