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Listed by Joseph Owens • Marcus & Millichap
$ 2,295,000
Est. payment | /mo
4,344 SqFt
$ 2,295,000
Est. payment | /mo
4,344 SqFt
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 4,344 sqft
Price per Sqft $528
Subdivision Rockridge
MLS Listing ID 41107823
HOA Y/N No
Year Built 1958
Lot Size 4,000 Sqft
Property Sub-Type Apt Complex
Source Bridge AOR
Property Description
We are pleased to present 5445 Broadway, an 8 unit multifamily investment property located in the highly attractive Rockridge neighborhood of North Oakland. The property was built in 1958 and consists of 6 one bedroom units and 2 two bedroom units. Owner has completed many building improvements, reducing the potential capital expenses for the next owner. Building improvements include: polyurethane foam roof, earthquake retrofit, garage security gate, $100,000 in unit upgrades, replaced electrical boxes and deck / handrailing repairs to be complete by Close of Escrow. 5.87% Current Cap (6.59% Market Cap). 10.73 Current GRM (9.91 Market GRM).
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling Other
Flooring Other
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Level
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Qayes Abdulla
REALTOR® | Lic# DRE# 02150727