9874 Bancroft
Oakland, CA 94603
0.18 acres | #41050927
Description
10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8,050 square feet of rental space and sits on a 7,700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo
Property Details
- Acres0.1768
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1960
Utilities / Energy Details
- Utility SourceOther
Community and Neighborhood Details
- CountyAlameda
Financial Details
- Original List Price$1,695,000
Other
- MLS #41050927
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: David Howarth (#BMLS-R01360348)
Listing Office: The Pinza Group, Inc (#BMLS-OBPINZA)
Listing Courtesy (Buyer)
Buyer's Agent: David Howarth (#BMLS-R01360348)
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