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Listed by Mark R Chow Compass
$ 995,000
Est. payment | /mo
10 Beds
4 Baths
3,036 SqFt
$ 995,000
Est. payment | /mo
10 Beds
4 Baths
3,036 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,036 sqft
Price per Sqft $327
MLS Listing ID 425017678
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 1941
Lot Size 6,128 Sqft
Acres 0.1407
Property Sub-Type Triplex
Property Description
Investors or owner-occupiers! Vacant two-bed/one bath separate cottage ready for owner move in or new lease up. Maximize your investment potential with this four unit property in Oakland's Millmont neighborhood. This income-producing property currently generates $6,030/month on the front house alone and has even more potential thanks to the newly renovated and vacant, detached 2-bed/1-bath cottage located at the back of the property. Proforma rent on this property is $8,600/month. Situated on a spacious lot with two buildings, the front structure consists of three units including a newly built, 2-bedroom/1 bath ADU garage conversion unit. There is also a spacious 4 bedroom/1 bathroom top floor unit, and an additional 2 bedroom/1 bathroom unit. Rent the cottage out and enjoy a 7% Cap Rate! Each unit enjoys designated parking, adding convenience for residents. With a prime location near major commuter routes, shopping, and dining, this property offers strong rental demand and endless possibilities for investors or owner-occupants looking to offset their mortgage.
Location
State CA
County Alameda
Area Oakland Zip 94605
Interior
Cooling None
Flooring Laminate
Fireplace No
Exterior
Utilities Available Separate Meters (See Remarks)
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Irregular Lot
Foundation Concrete
Water Meter on Site, Water District
New Construction No
Others
Tax ID 37A2739131
