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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 15 out of 491
$2,295,000 For Sale

2565 Martin Luther King Jr Way
Oakland, CA 94612

12 units | Multi Family Home
8712 sq ft - MLS# 40850779
Property Photo

Description

Pleased to present 2565 Martin Luther King Jr Way, a 12 unit apartment building located in a thriving West Oakland. This property offers off-street parking and large spacious units. The property consists of (4) 2 bedroom / 1 bathroom units, (5) 1 bedroom / 1 bathroom units, (2) large studios, and (1) ground-floor retail space. This is an amazing opportunity to acquire an asset with a great in-place return AND significant upside potential.

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94612
  • Year Built: 1956
  • Age: 63
  • Sq.Ft.: 7,358 sq ft
  • Units: 12 units
  • # of Parking Spaces: 12
  • Lot Size: 8712 sq ft
  • Annual Gross Sched Inc: 190779
  • Annual License Exp: 2661
  • Annual Maint Exp: 6677
  • Annual Mgmt Exp: 7631
  • Annual Taxes: 31363
  • Annual Util Exp: 9600
  • Annual Vacancy: 5900
  • Apx Lot Sq Ft: 8830
  • Cooling: Ceiling Fan(S), Central 1 Zone A/C
  • Equipment Additional: Water Heater Gas
  • Exterior: Stucco
  • Flooring: Hardwood Floors
  • Gross Income: $196,680
  • Heating: Gas
  • Lot Description: 2 Houses/1 Lot
  • Net Oper Income: $121,378
  • On-Site Parking Desc: Carports - 2 Or More, Covered Parking
  • Other Ann Exp: 680
  • Roof: Composition Shingles
  • Tot Ann Oper Exp: 30249
  • Water/Sewer: Sewer System - Public
Courtesy of Joseph M. Tapia, Broker, Timothy Warren


 Better Homes Realty | 510-562-8600 | Contact Us
5942 MacArthur Blvd. - OAKLAND, CA 94605
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