5116 Bancroft Avenue, Oakland, CA 94601
- $695,000
- List Price
- $695,000
- Status
- ACTIVE
- MLS#
- 41147669
- Year Built
- 1949
- Lot Size
- 4,800
- Acres
- 0.11
- Days on Market
- 1
- Property Type
- Multifamily
- Neighborhood
- Bancroft
Property Description
BEST PRICED 5 UNIT PROPERTY ON THE MARKET! Outstanding investment opportunity offering a 7.92% CAP RATE, 6.81 GRM, and $102,000 in gross potential income! This turnkey 5 unit property features all studio layouts, with three units tastefully renovated within the past few months. Numerous property improvements have already been completed, including the roof, providing strong cash flow and limited near term capital needs. Gated entry adds privacy and security. With strong income, recent renovations, and compelling investment metrics, this property stands out as an exceptional value. MUST SEE!
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Additional Information
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- None
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Nolan Jones (nolan@theprescottcompany.com) from Listing Office: KELLER WILLIAMS TRI VALLEY REALTY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.