Main Content
$5,000,000
- Status Sold
- Property Type Multi-Family
About This Property
The MKD Group is pleased to announce our recent closing of a spectacular income producing property. This gorgeous, remodeled 20-Unit Apartment Building resides in Oakland's East Lake Redevelopment area and is proximal to Lake Merritt’s Business District. The property sits on two contiguous parcels, offers 18 two-bedrooms and 2 one-bedrooms on two separate structures, and has undergone significant renovations.
Property Sales Highlights:
- Net Operating Income: $309,000/yr
- CAP Rate: 5.35%
- GRM: 12.88
- Cash on Cash Before Taxes: 4.2%
- DCR: 1.46
Property Details
Additional Information
+