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Listed by David Howarth • The Pinza Group, Inc
$995,000
Est. payment /mo
5 Beds
3 Baths
4,596 SqFt
New
3186 Mckillop Rd Oakland, CA 94602
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,596 sqft
Price per Sqft $216
MLS Listing ID EB41109261
Bedrooms 5
Year Built 1965
Lot Size 7,300 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
www.3186mckillop.com; five unit apartment complex in a great Oakland Hills neighborhood with strong current income and excellent rental upside. The current cap rate is 7.48% and the current GRM is 9.09. The property offers one very large two-story 3bd/2bth unit and four spacious 2bd/1bth units including one unit that will be delivered vacant at closing. The property was originally built in 1965, offers approximately 4,595 square feet of rental space, and sits on a 7,300 square foot lot with a large garage and off-street parking. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The current owner self-manages the property and has remodeled many of the units with newer kitchens, bathrooms, wood flooring, newer carpet, custom lighting, fixtures, and more. The roof was redone several years ago and the electrical and plumbing have been upgraded over time. This is a perfect opportunity for an investor to acquire a turn-key property with excellent upside around the corner from the popular Redwood Day K-8 School. The neighborhood is quiet and comprises nice single-family homes with pride of ownership.
Location
State CA
County Alameda
Area Oakland Zip Code 94602
Interior
Cooling Other
Flooring Tile, Wood
Exterior
Parking Features Other
Garage Spaces 5.0
Building
Lot Description Other
Water Public
Others
Tax ID 26-810-46
Special Listing Condition New, Not Applicable
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