Urgent Sale! Motivated seller needs quick close! 4% on $359k subject to financing! Rent Roll in attached documents. 1108 Chestnut Street presents a unique opportunity for a new investor to acquire a small apartment complex in a prime Oakland location. The property features six studios of approximately 400 square feet each, with recent exterior renovations, including fresh paint, siding replacement, and new landscaping. Situated a block from a park, it provides quick access to highways and public transportation. All units have access to coin-operated laundry. There are in-unit water heaters, and updated electrical and plumbing systems. With low maintenance and separate metering for water, hot water, and PG&E, operating expenses are minimal. Some units are currently rented below market, allowing the next investor to raise rents gradually for increased cash flow. Don't miss this excellent investment opportunity! All information provided by owner and not verified by sellers brokerage
Property Type :
ResidentialIncome
County :
Alameda
Style :
ResidentialIncome
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ByOwner last updated this listing 05/17/2024 @ 11:22
MLS: 224005682
LISTED BY: Dhruv Goswamy, Dream Home Real Estate & Home Loans
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
