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Buy a multi-family propertyat 525 OAKLAND AVE, Oakland, CA 94611

$1,575,000

$0/mo

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Multifamily

6,300 Sq. Ft. lot

0 Bathrooms

409 Days on market

41022038 MLS ID

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About 525 OAKLAND AVE multi-family property

2.5% 30 YEAR FIXED RATE MORTGAGE AVAILABLE! This property has a 2.5% 30 year fixed rate assumable mortgage on it and homebuyers can take over this mortgage. Endless possibilities and tremendous convenience makes this property most desirable! Add another unit in the back, turn 3 units into 4 units, and enjoy great cash flow. 2 minutes to 580 freeway, 20 minutes to San Francisco, less than 5 minutes to downtown Oakland, ideally and centrally located 3 bedroom, 2 bath, 1150 sqft, newly painted apartments with inside washer and dryer that makes life extremely convenient. Close to Piedmont Ave with access to a plethora of restaurants, entertainment, shopping, and high rated Oakland Technical High School. Live your best life in this fabulous property or proudly add it to your investment portfolio for the long term. Plenty of upside. Don’t miss out on this extremely rare opportunity!
2.5% 30 YEAR FIXED RATE MORTGAGE AVAILABLE! This property has a 2.5% 30 year fixed rate assumable mortgage on it and homebuyers can take over this mortgage. Endless possibilities and tremendous convenience makes this property most desirable! Add another unit in the back, turn 3 units into 4 units, and enjoy great cash flow. 2 minutes to 580 freeway, 20 minutes to San Francisco, less than 5 minutes to downtown Oakland, ideally and centrally located 3 bedroom, 2 bath, 1150 sqft, newly painted apartments with inside washer and dryer that makes life extremely convenient. Close to Piedmont Ave with access to a plethora of restaurants, entertainment, shopping, and high rated Oakland Technical High School. Live your best life in this fabulous property or proudly add it to your investment portfolio for the long term. Plenty of upside. Don’t miss out on this extremely rare opportunity!

Property details

Appliances & Equipment

Gas Water Heater

Dryer

Washer

Building

Built in 1909

Stucco

Expenses

Insurance Expense: $1,850

Operating Expense: $37,398

Floors

Carpet

Laminate

Heating

Natural Gas

Wall Furnace

Income

Gross Scheduled Income: 80400

Net Operating Income: 43182

Listing

Listing ID: 41022038

Property Subtype: Triplex

130 days on market

Location

County: Alameda

Subdivision: PIEDMONT/GRAND

Lot

6300 sqft

0.14 acres

Area: 6300

Back Yard

Garden

Parking

4 total parking spaces

On Street

Possession

Close Of Escrow

Property

3 units

Roof

Tar/Gravel

Sewer

Public Sewer

Monthly cost

Estimated monthly cost

$10,037/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,480,500

+$47,250

$1,527,750

Seller agent commission$47,250 (3%)*

$0 (0%)

Buyer agent commission$47,250 (3%)*

$47,250 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $47,250 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 2, 2024 at 4:52 p.m.

Data updated: Jul 28, 2023 at 4:05 p.m.

Property listed by Omni Realty, Rachel Saini
Based on information from California Regional Multiple Listing Service, Inc. as of 07/28/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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