222 Oakland Ave

Oakland, CA 94611

\ Closed

$1,640,000

6-Unit Apartment Building

The Bos Group is excited to present a newly closed deal in a prime location located between Adam’s Point and Piedmont. This is a well-maintained pride of ownership of property boasting 6 large and spacious units of which 3 are renovated. The apartment has a strong unit mix of four 1 bedroom, 1 bathroom, and two 2 bedroom, 1 bathroom all over 850 square feet. The property provides a great cap rate of 5.14% for the area. The property includes three tuck-under parking spaces and a large storage locker for each tenant providing additional income! Only steps from Whole Foods, Lake Merritt, proximate to both Piedmont Avenue and Lakeshore Shopping, and Easy access to I-580 allows for very easy rentals.
Number of Units

6

Price/Unit

$273,333

Square Feet

5,325

Cost/Sq. Foot

$308

CAP

5.17%

GRM

12.8

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