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1106 4th Ave

Oakland, CA 94606
  • $925,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • ID#: EB41059511
Under Contract
UPDATED: 76 min ago
$925,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1912
County:
Area:

School Ratings & Info

Listing provided courtesy of Ken Wu of Compass: (408) 666-2585.

Description

1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-06-25T12:49:28.91. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

Licensed in the State of California.
Website powered by BoomTown.
www.thegilmartins.com/homes/150473881
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1106 4th Ave Oakland, CA 94606

  • Price: $925,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • Updated: 76 min ago
  • ID#: EB41059511
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1912
Built
Neighborhood:
Other Area
County:
Alameda
Area:
Other Area
Property Description
1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.
Exterior Features

Exterior Siding - Vinyl Lot Location Corner Parking Spaces 0 Units In Complex Max 6

Interior Features

Baths Unit1 1.00 Baths Unit2 1.00 Baths Unit3 1.00 Baths Unit4 1.00 Beds Unit1 2 Beds Unit2 2 Beds Unit3 2 Beds Unit4 1 Cooling Other Flooring VinylCarpet - Wall to Wall Structure Sq Ft 5563

Property Features

Additional Listing Info Accepting Backups Amenities Storage Area(s) City Name OAKLAND Cross Street E 11th St Lot Size Area Maximum 4000.00 Meters Separate ElectricSeparate GasSeparate Water Rent Unit1 2100 Rent Unit2 2195 Rent Unit3 1574 Rent Unit4 983 Status Qualifier Accepting Backups Water Public

Listing provided courtesy of Ken Wu of Compass: (408) 666-2585.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-06-25T12:49:28.91. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

Licensed in the State of California.
Website powered by BoomTown.
 
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The Gilmartin Group
330 Primrose Rd #512
Burlingame CA, 94010

Listing provided courtesy of Ken Wu of Compass: (408) 666-2585.