1140 E 22nd Street, Oakland, CA 94606
List Price: $1.64M
Listing Status: Active
Original List Price: $1.73M
0Days on Market: 173
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1966
Lot Size: 7,950 sq ft
MLS Number: 41123228
About This Property
6.77% Cap Rate! 1140 E 22nd Street, a fully-renovated 5-unit property located in Oakland's Clinton neighborhood. The property consists of one (1) large 3-bedroom 2-bathroom unit totaling 1,100 square feet, one (1) 2-bedroom 2-bathroom unit, and three (3) 2-bedroom 1-bathroom units. Each unit has its own private balcony, modern gourmet kitchen with premium appliances, new bathrooms, huge closets, vinyl wood flooring, recessed LED lighting, and brand new modern design laminate glass entry door. Each unit is also individually metered for gas, electricity, AND water, limiting the operating expenses. This is an excellent opportunity to acquire a fully occupied, turn-key, stabilized asset. The property is located in the charming Clinton Neighborhood of Oakland just blocks from Lake Merritt. Situated south of Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee, and various cafes and shops, all within walking distance. Tenants may also indulge in the best of Oakland's restaurants and nightlife, including the charming Grand Lake Theatre just a short distance from the property. Commuters will appreciate the proximity of city bus lines and the Lake Merritt BART Station, allowing access to the entire Bay Area.
Listing provided by: Timothy Warren DRE #02008347 510-336-4712 twarren@nainorcal.com, NAI Northern California
Source: CRMLS, MLS #: 41123228
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