1106 4TH AVE
OAKLAND, CA 94606
$925,000
N/A Beds
0 Baths
5,563 Sq Ft
Status Active Under Contract
MLS# 41059511
1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.
Details for 1106 4TH AVE
Built in 1912
$166 / Sq Ft
Other
Other
16 Days on website
0.09 acres lot
Area Information for 1106 4TH AVE
