1550 Bridge Street, Oakland, CA 94601 – IN ESCROW
10% Cash on Cash Return Turn-key Remodeled Building! – Offered at $735,000
PROPERTY SUMMARY
The Bridge Street Apartments is a bread and butter, wood frame and stucco, seven unit apartment building. It has high-quality tenants and has been professionally managed. The current owner has spent over 100k in capital improvements over the past three years renovating each unit and painting the exterior. The subject property has garage parking for four cars, is very low maintenance and has some upside in rents. Bridge street is one of the quietest tree lined streets in Fruitvale and is walking distance to BART. This property is located on a corner lot. Additional capital improvements include new tile and flooring, new light fixtures, remodeled bathrooms, and much more!
Bridge Street Rent Roll
Unit Type Current Rents
1 2bd $ 845.00
2 2bd $ 1,100.00
3 2bd $ 975.00
4 2bd $ 975.00
5 2bd $ 1,047.54
6 2bd $ 1,099.92
7 1bd $ 1,000.00
Garage 1 $ 150.00
Garage 2 $ 150.00
TOTAL $ 7,342.46 (more…)
Filed under Apartment Building Listings, Investing in Multi-Family, Preview properties, Uncategorized · Tagged with multi-family investing, multi-family real estate, cash flow multi-family real estate, multi-family housing