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Listing 2 out of 2
$1,100,000 For Sale
5 units | Multi Family Home
6970 sq ft - MLS# 40845547
Property Photo

Description

This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry.  Two of the units are rented close to market and the other Three are under market, which means there is also  upside value in the rents.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apt Complex
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94606
  • Year Built: 1964
  • Age: 54
  • Sq.Ft.: 4,038 sq ft
  • Units: 5 units
  • # of Parking Spaces: 5
  • Lot Size: 6970 sq ft
  • Addtl Features Misc.: Balcony/Patio
  • Annual Gross Sched Inc: 97920
  • Annual Maint Exp: 3000
  • Annual Mgmt Exp: 4798
  • Annual Rent Inc: 95962
  • Annual Taxes: 17316
  • Annual Util Exp: 8345
  • Annual Vacancy: 1958
  • Apx Lot Sq Ft: 7000
  • Exterior: Stucco
  • Flooring: Laminate
  • Gross Income: $95,962
  • Gross Oper Actual Inc: 95962
  • Heating: Wall Furnace
  • Lot Description: Down Slope
  • Net Oper Income: $58,866
  • On-Site Parking Desc: Covered Parking
  • Tenant Pays: Electric, Gas
  • Tot Ann Oper Exp: 37096
  • Water/Sewer: Water - Public
Courtesy of Infinity Investments, Steven Peterson

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Testimonials

Roy Benford is a brilliant real estate agent who has an uncanny knowledge of the Bay Area market. I have benefited from his real estate advice and recommended him to clients. Roy is also a principled and dedicated leader who would be a valuable asset for any client or organization lucky enough to have him. I've worked closely with Roy for several years on an interfaith non-profit organization board of directors of which he was President, and on several political campaigns over a period of more than a decade. I'd highly recommend hiring Roy. He is terrific! Joel F.
Roy is a community-oriented broker who uses his experience to not only help his clients cut through red tape to get a square deal, but is passionate about topics of neighborhood stability and homeownership. If you get Roy as your real estate specialist, you will be fortunate you did. He is experienced, passionate about the work, and compassionate when it comes to his clients! Igor Tregub
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Roy Benford | Benford & Associates LLC. | 510-860-6008 | roy@benfordproperties.com
Copyright © 2017. Roy Benford, All Rights Reserved

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