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