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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
Bay East (c)2019. CCAR (c)2019. bridgeMLS (c)2019. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information last updated on 2018-05-30 14:36:36.
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Bay East (c)2019. CCAR (c)2019. bridgeMLS (c)2019. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information last updated on 2018-05-30 14:36:36.
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