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Listing 84 out of 200
$1,049,000 Pending

3222 Delaware St
Oakland, CA 94602

4 units | Multi Family Home
1742 sq ft lot - MLS# 40870928 Courtesy of Coldwell Banker, Moya Robinson
Property Photo
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Description

Prime Opportunity to acquire a fourplex, in Lower Diamond just between the very popular Diamond & Laurel Districts. This property is a 2 story building built in 1966 is comprised of Three 3brm/1.5 bath units and One 1brm/1bath unit totaling 3822 sqft. There is plenty of parking with an attached 4 car garage. Two of the units have been recently updated with the remaining (2) units are available to add-value. 10 GRM based on strong in-place cash flow. (The property grosses approximately $8,120/month or $97,440 annually). Private decks off two of the upper floor units and a private outdoor area off of one of the ground floor units. Disclosures include engineering drawings for a redesign of balcony off of unit D.

Features

  • Property Type: Multi Family Home
  • Sub Type: FOURPLEX
  • Listing Status: Pending
  • County/Area: Alameda County
  • Zip Code: 94602
  • Year Built: 1966
  • Age: 53
  • High School: Oakland (510) 879-8111
  • Units: 4 units
  • Lot Size: 1742 sq ft lot
  • View: Hills
  • Addtl Misc. Features: Balcony/Patio, Cable TV, Wired For
  • Annual Expense Year: 2018
  • Annual Gross Fee Income: $1
  • Annual Gross Sched Income: $8,120
  • Annual Insurance Expense: $2,500
  • Annual Maintance Exp: 1
  • Annual Management Expense: $5,846
  • Annual Miscellaneous Inc: 1
  • Annual Rental Inc: 97440
  • Annual Total Oper Exp: 24361
  • Annual Utility Expense: $850
  • Cooling: No Air Conditioning
  • Elementary School Distric: Oakland (510) 879-8111
  • Equipment Additional: Garage Door Opener, Water Heater Gas
  • Existing Lease Terms: Month To Month, Year Lease
  • Exterior: Stucco
  • Flooring: Laminate, Linoleum, Carpet
  • Heating: Wall Furnace
  • Laundry: Coin Operated, Common Room, Dryer, Washer
  • Lot Description: Regular
  • Lot Sq Ft Apx: 1820
  • Net Operating Income: $73,080
  • Other Annual Expense: $1
  • Park Spc Tot: 4
  • Parking Description: Attached Garage
  • Roof: Rolled Composition
  • Separate Meters: Electric, Gas, Water
  • Some Units Have: Deck, Patio
  • Total Deposits: 4500
  • Unit 1: 1-Bedrooms, 1-Bathrooms, 1-Parking Spaces
  • Unit 2: 3-Bedrooms, 1.5-Bathrooms, 1-Parking Spaces
  • Unit 3: 3-Bedrooms, 1.5-Bathrooms, 1-Parking Spaces
  • Unit 4: 3-Bedrooms, 1.5-Bathrooms, 1-Parking Spaces
  • Water/Sewer: Sewer System - Public
  • Yard Description: Patio
Courtesy of Coldwell Banker, Moya Robinson

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