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Listing 83 out of 200
$2,219,900 For Sale

9636 Bancroft Ave
Oakland, CA 94603

12 units | Multi Family Home
14810 sq ft lot - MLS# 40870934 Courtesy of Realty One Group Future, Joe Stevenson
Property Photo
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Description

This two building, twelve unit investment property with good curb appeal has been recently updated with fresh interior/exterior paint including new windows that provide each unit with ample amount of natural light. The centrally located property is minutes away from hyw. 580 & 880 and is a commuters dream. Your renters can enjoy the safe and secure front yard or walk to the neighborhood park across the street. Current owner has completed many large one time repairs increasing value for the next owner. Extensive time spent selecting quality tenants allowing for ease of rent collections. Good income upside might be possible with the creation of an on-site laundry mat with the space and utilities available. Buyer to confirm if on site laundry is possible with the City Planning Dept. Will not last so let's talk soon!

Features

  • Property Type: Multi Family Home
  • Sub Type: Apt Complex
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94603
  • Year Built: 1960
  • Age: 59
  • Sq.Ft.: 7,564 sq ft
  • Units: 12 units
  • # of Parking Spaces: 11
  • Lot Size: 14810 sq ft lot
  • View: Park
  • All Units Have: Updated Baths, Oven Range Free Standing, Refrigerator
  • Annual Gross Sched Inc: 89521
  • Annual Maint Exp: 13857
  • Annual Mgmt Exp: 11064
  • Annual Rent Inc: 149784
  • Annual Taxes: 13267
  • Annual Util Exp: 17006
  • Annual Vacancy: 5
  • Apx Lot Sq Ft: 14753
  • Cap Rate: 6.8
  • Exterior: Dual Pane Windows, Stucco
  • Flooring: Vinyl
  • Gross Income: $149,784
  • Gross Oper Actual Inc: 89521
  • Heating: Wall Furnace
  • Lot Description: No Lot
  • Net Oper Income: $89,251
  • On-Site Parking Desc: Carports - 2 Or More, Covered Parking, Off Site Parking
  • Roof: Composition Shingles
  • Separate Meters: Electric, Water
  • Some Units Have: Updated Baths, Updated Kitchen
  • Tenant Pays: Insurance, Taxes, Trash
  • Tot Ann Oper Exp: 60263
  • Unit # 1 # Of Bathrooms: 1
  • Unit # 1 # Of Bedrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 3 # Of Bathrooms: 1
  • Unit # 3 # Of Bedrooms: 2
  • Unit # 3 Parking Spaces: 1
  • Unit # 4 # Of Bathrooms: 1
  • Unit # 4 # Of Bedrooms: 1
  • Unit # 4 Parking Spaces: 1
  • Unit # 5 # Of Bathrooms: 1
  • Unit # 5 # Of Bedrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Water/Sewer: Water - Public
Courtesy of Realty One Group Future, Joe Stevenson

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