Built in 1965 of wood frame construction, flat composition roof, and concrete slab foundation, 7717 Ney Avenue in Oakland, offers four units totaling +/-4,130 gross rentable square feet. The unit mix boasts an impressive and rare mix of (1) three bedroom/two bath and (3) two bedroom one bath units. The offering presents investors with an excellent opportunity to acquire an asset directly in the path of progress for future developments in the immediate area. Strategically, an investor can capture approximately 58% upside on market rents via tenant turnover and unit renovations. Individually metered gas and electric mitigate operating expenses and on-site laundry coupled with the possible addition of an ADU unit would greatly boast income and streamline operations.
|Last Updated||11/13/2020||Year Built||1965|
|Community||Oakland Zip Code 94605||County||Alameda|
|Prior to Nov 6, '20||$1,049,000|
|Nov 6, '20 - Today||$999,000|
|AIR||No Air Conditioning|
|AREA||Oakland Zip Code 94605|
|CONSTRUCTION||Dual Pane Windows, Stucco|
|EXTERIOR||Back Yard, Dog Run, Full Fence, Garden/Play|
|LOT||8276 sq ft|
|WATER||Water - Public,Sewer Connected|
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