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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