Description
237-263 41st Street is a 48-unit apartment community located just steps from Piedmont Avenue in Oakland, CA. The property consists of two side-by-side twenty-four-unit buildings with a mix of one and two-bedroom units. Amenities include 46 covered parking spaces, four on-site laundry rooms, and storage closets. Both gas and electricity are individually metered and each unit is equipped with its own water heater. The property offers over $350,000 of annual rental upside allowing a new owner to maximize their return over time. Both buildings have been seismically retrofitted making this a true turn-key asset. This highly sought-after location will continue attracting premium tenants and maintain a low vacancy rate.
Location
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Attribution contact: 510-336-4712
Listing Agent: Timothy Warren
Listing Office: Nai Northern California
