Four (4) Unit Multi-Family Investment Opportunity

3647 Coolidge Avenue, Oakland, CA

$1,460,000

Price

4.5%

Cap Rate

$65,543

NOI

Overview
Cap Rate
4.5%
NOI
$65,543
Building Size
3,214 sqft
Lot Area
6,350 sqft
Units
4
Year Built
1963
Price Per Sqft
$454.26
Price Per Unit
$365,000
Zoning
R-50
Floors
2
Description

The M|K|D Group is pleased to offer for sale this four (4) unit multi-family investment opportunity located at 3647 Coolidge Avenue in Oakland, CA. This two-story structure is constructed of wood frame and stucco on a raised foundation built in 1963 with a square footage of 3,214 on a large 6,350-square foot lot. The building has been updated including roof, dual-paned windows, onsite parking, in-unit laundry and updated granite counter tops. Property is comprised of a desirable unit mix, consisting of four (4) 2+1 units.

The property is located in Oakland's scenic Dimond district just steps away from retail, restaurants and immediate access to freeways. Well positioned within Oakland's continuously gentrifying sub-market, this investment presents an excellent opportunity for an investor to capitalize on a densely populated area that continues to experience rapid rent growth.

Documents
Title
Offering Memorandum
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Location
Gallery