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Matthew Larsen

Matthew Larsen
Broker Associate
CALBRE #01448393
RE/MAX Accord
Oakland, CA 94611

510-415-2458
Contact Me

Matt@mattlarsenhomes.com I Info@mattlarsenhomes.com

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Listing 2 out of 500
$1,100,000 For Sale
5 units | Multi Family Home
6970 sq ft - MLS# 40845547 Courtesy of Infinity Investments
Property Photo

Description

This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry.  Two of the units are rented close to market and the other Three are under market, which means there is also  upside value in the rents.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apt Complex
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94606
  • Year Built: 1964
  • Age: 54
  • Sq.Ft.: 4,038 sq ft
  • Units: 5 units
  • # of Parking Spaces: 5
  • Lot Size: 6970 sq ft
  • Addtl Features Misc.: Balcony/Patio
  • Annual Gross Sched Inc: 97920
  • Annual Maint Exp: 3000
  • Annual Mgmt Exp: 4798
  • Annual Rent Inc: 95962
  • Annual Taxes: 17316
  • Annual Util Exp: 8345
  • Annual Vacancy: 1958
  • Apx Lot Sq Ft: 7000
  • Exterior: Stucco
  • Flooring: Laminate
  • Gross Income: $95,962
  • Gross Oper Actual Inc: 95962
  • Heating: Wall Furnace
  • Lot Description: Down Slope
  • Net Oper Income: $58,866
  • On-Site Parking Desc: Covered Parking
  • Tenant Pays: Electric, Gas
  • Tot Ann Oper Exp: 37096
  • Water/Sewer: Water - Public
Courtesy of Infinity Investments



Matthew Larsen | 510-415-2458 | Contact Me
3327 Castro Valley Blvd. - Castro Valley, CA 94546
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