Description
Fruitvale Apartments offers investors a rare opportunity to acquire five units in an exceptionally desirable location. The property consists of one three-bedroom/one-bathroom apartment and three one-bedroom/one-bathroom apartments, as well as a separate two-bedroom/one-bathroom house. With a market cap rate of 11 percent, the next owner has the potential to dramatically increase NOI and property value upon tenant turnover. Resident amenities include coin-operated laundry and off-street parking for all units. This location is rated a "Walker's Paradise" and "Very Bikeable" by Walk Score. Within a 10-minute walking radius, residents have access to BART, multiple cafes and restaurants, a supermarket, Fruitvale Station Shopping Center, and Fruitvale Village Shopping Mall. Nearby recreation spaces include Josie de la Cruz Park, Cesar Chavez Park, and Fremont Pool. The subject is 10 minutes from downtown Oakland and Fruitvale BART by bike or car, and 20 minutes to San Francisco.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Fruitvale Apartments offers investors a rare opportunity to acquire five units in an exceptionally desirable location. The property consists of one three-bedroom/one-bathroom apartment and three one-bedroom/one-bathroom apartments, as well as a separate two-bedroom/one-bathroom house. With a market cap rate of 11 percent, the next owner has the potential to dramatically increase NOI and property value upon tenant turnover. Resident amenities include coin-operated laundry and off-street parking for all units. This location is rated a "Walker's Paradise" and "Very Bikeable" by Walk Score. Within a 10-minute walking radius, residents have access to BART, multiple cafes and restaurants, a supermarket, Fruitvale Station Shopping Center, and Fruitvale Village Shopping Mall. Nearby recreation spaces include Josie de la Cruz Park, Cesar Chavez Park, and Fremont Pool. The subject is 10 minutes from downtown Oakland and Fruitvale BART by bike or car, and 20 minutes to San Francisco.
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Listing provided courtesy of Adam Stiles of Marcus & Millichap: (510) 280-4862.