5116 Bancroft Avenue, Oakland, CA 94601
- $695,000
- 2,050
- SqFt
- List Price
- $695,000
- Status
- ACTIVE
- MLS#
- 41147669
- Year Built
- 1949
- Property Type
- 5 Or More Units
- Living Area
- 2,050
- Lot Size
- 4,800
- Acres
- 0.11
- County
- Alameda
- Subdivision
- Bancroft
Property Description
BEST PRICED 5 UNIT PROPERTY ON THE MARKET! Outstanding investment opportunity offering a 7.92% CAP RATE, 6.81 GRM, and $102,000 in gross potential income! This turnkey 5 unit property features all studio layouts, with three units tastefully renovated within the past few months. Numerous property improvements have already been completed, including the roof, providing strong cash flow and limited near term capital needs. Gated entry adds privacy and security. With strong income, recent renovations, and compelling investment metrics, this property stands out as an exceptional value. MUST SEE!
Additional Information
- Exterior
- Stucco
- Flooring
- Laminate, Carpet
- Parking Features
- Parking Lot
- Roof
- Flat
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Nolan Jones from KELLER WILLIAMS TRI VALLEY REALTY. 510-867-4806
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