Description
RECESSION PROOF INVESTMENT-TRUE HEDGE AGAINST INFLATION. Government guaranteed rent which is exempt from rent control. 35% Upside in the Rents. Nostalgic building in the great downtown Oakland area near Lake Merritt. No deferred maintenance - Easy Management Strong Rent Upside. Trouble free income and management Opportunity Zone. The building was built in 1925, 118 apartments with private baths and kitchens and 1 commercial. Six stories building size with 55,750 square feet on a lot size 18,730 square feet. 75% of the units have been renovated at a cost of $800,000.
Location
Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at Updated: 1st April, 2023 7:55 AM (UTC)
Listing Agent: Meidan Mike Magen
Listing Office: Probity Real Estate
