Two four-unit apartment sale (8 units total) spread across two parcels with excellent income upside. Each property offers four 2bd/1bth units with stable tenants that are easy to manage. Both properties were built in 1956, offer a combined 6,336 square feet of living space, and a combined 12,000 square foot lot with eight carports. Maintenance is low and the property is separately metered for water and PG&E
providing for low annual operating expenses. The current rents are 50%+ under market rates, providing a huge opportunity for rental upside with tenant turnover or buyouts. At close of escrow there will be one vacant unit making this a perfect opportunity for an owner-occupant or an investor looking to lease at top market rate. The properties can be purchased separately with 30-year residential mortgages making this a safe and profitable investment. This is an attractive Fruitvale location near a variety of restaurants, coffee shops, and shopping options. The property is near BART and only a short drive to Lake Merritt, Downtown Oakland, Berkeley, and San Francisco.
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