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Listed by Michael Hyles • Re/Max 1st Choice
$ 1,029,000
Est. payment | /mo
3,300 SqFt
$ 1,029,000
Est. payment | /mo
3,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $311
Subdivision Maxwell Park
MLS Listing ID 41107165
HOA Y/N No
Year Built 1923
Lot Size 3,246 Sqft
Property Sub-Type Quadruplex
Source BAY EAST
Property Description
MAJOR PRICE REDUCTION: $1,029,000 (WAS $1,165,000)! Updated, income-producing 4-plex in Oakland's desirable Maxwell Park! Property includes two 2BD/1BA flats upstairs and two 1BD/1BA units downstairs. Current monthly income is $6,785 ($81,420 annually) with an estimated 6.26% cap rate based on actual seller expenses. All units have updated kitchens, dual-pane windows, laminate flooring, and off-street parking. Two units include in-unit laundry. Major system upgrades: newer roof, updated plumbing and electrical. Tenants pay PG&E; owner pays water and garbage. Strong cash flow and low-maintenance setup make this ideal for investors or owner-occupants. Prime location near Mills College and MacArthur Blvd with easy access to 580 & 880. Please do not disturb tenants.
Location
State CA
County Alameda
Interior
Heating Forced Air, Natural Gas
Cooling Ceiling Fan(s)
Flooring Laminate
Fireplace No
Appliance Dishwasher, Disposal, Dryer, Washer, Gas Water Heater
Laundry Dryer, In Unit, Laundry Equip - Owned, Washer, Inside
Building
Lot Description Back Yard, Garden, Landscaped, Sprinklers In Rear
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Qayes Abdulla
REALTOR® | Lic# DRE# 02150727