3186 McKillop Rd - Apartments FOR SALE


Oakland, CA 94602
$1,150,000 USD
510-822-1331
3186 McKillop Rd, Oakland, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/30
null | 6.73% Cap Rate

3186 McKillop Rd
Oakland, CA 94602


HIGHLIGHTS

  • 5-Unit Apartment Complex Featuring One Two-story 3bd/2bth Unit and Four 2bd/1bth Units with Strong Current Cash Flow and Excellent Upside
  • Easy to Manage, Low Maintenance, Turn-Key Property, Separately Metered For PG&E with Low Annual Operating Expenses
  • Remodeled Units with Upgraded Kitchens, Bathrooms, Custom Fixtures, Wood Floors, and More
  • Off-Street Parking, On-Site Laundry, and Backyard Area
  • Vacant 2bd/1bth Unit - Perfect for an Owner-Occupant

OVERVIEW

5-unit apartment complex up near the Oakland hills with strong current income and excellent rental upside. The property offers one very large two-story 3bd/2bth unit and four spacious 2bd/1bth units including one unit that will be delivered vacant at closing. The property was originally built in 1965, offers approximately 4,595 square feet of rental space, and sits on a 7,300 square foot lot with a large garage and off-street parking. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The current owner self-manages the property and has remodeled many of the units with newer kitchens, bathrooms, wood flooring, newer carpet, custom lighting, fixtures, and more. The roof was redone several years ago and the electrical and plumbing have been upgraded over time. This is a perfect opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential. The is a high-demand location up in the hills near HWY580 around the corner from the popular Redwood Day K-8 School. The neighborhood is quiet and comprises nice single-family homes with pride of ownership. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

5

PRICE/UNIT

$230,000

CAP RATE

6.73%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5-units in the Oakland Hills with Huge Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,983 SF

ZONING

R30

APN/PARCEL ID

026-0810-046-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.