5116 Bancroft Avenue, Oakland, CA 94601
- $695,000
Listed by Nolan Jones, (510) 867-4806 from KELLER WILLIAMS TRI VALLEY REALTY
(If provided) CoList: from
- List Price
- $695,000
- MLS#
- EB41147669
- Status
- ACTIVE
- Lot Size
- 4,800
- Listing Area
- Oakland Zip Code 94601
- Year Built
- 1949
Property Description
BEST PRICED 5 UNIT PROPERTY ON THE MARKET! Outstanding investment opportunity offering a 7.92% CAP RATE, 6.81 GRM, and $102,000 in gross potential income! This turnkey 5 unit property features all studio layouts, with three units tastefully renovated within the past few months. Numerous property improvements have already been completed, including the roof, providing strong cash flow and limited near term capital needs. Gated entry adds privacy and security. With strong income, recent renovations, and compelling investment metrics, this property stands out as an exceptional value. MUST SEE!
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Additional Information
- Acres
- 1.10
- Amenities
- None
- Cooling System
- None
- Exterior Features
- Stucco
- Floor Covering
- Laminate, Carpet - Wall to Wall
- Garage Parking
- Parking Area
- Heating System
- Electric
- Lot Size
- 4,800
- Neighborhood
- Oakland Zip Code 94601
- Numberof Units
- 5
- Unincorporated Yn
- Yes
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