Description
This very nostalgic 2 story property is located at 6716 MacArthur Blvd in Oakland California has 6,840 rentable square feet, average unit size is 760 square feet, with 9 large units including 8 two-bedroom one bathroom and 1 one-bedroom/one-bathroom all with private baths and kitchens. The property was built in 1949, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. Six of the units have been renovated. All units have separate gas + electric meters and individual hot water heaters minimizing the owners expenses. There is 44% upside in the current rents. With 44% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.
School Ratings & Info
Description
This very nostalgic 2 story property is located at 6716 MacArthur Blvd in Oakland California has 6,840 rentable square feet, average unit size is 760 square feet, with 9 large units including 8 two-bedroom one bathroom and 1 one-bedroom/one-bathroom all with private baths and kitchens. The property was built in 1949, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. Six of the units have been renovated. All units have separate gas + electric meters and individual hot water heaters minimizing the owners expenses. There is 44% upside in the current rents. With 44% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.