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    7717 Ney Avenue

    Oakland, CA 94605
    • $1,049,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 40922031
    UPDATED: 73 min ago
    $1,049,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,130
      SQFT
    • $254
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-20T11:37:55.69.

    www.lucasgphomes.com/homes/110303207
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    7717 Ney Avenue Oakland, CA 94605

    • Price: $1,049,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 40922031
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,130
    SQFT
    $254
    $/SQFT
    1965
    Built
    Neighborhood:
    Oakland
    County:
    Alameda
    Area:
    Oakland
    Property Description
    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.
    Exterior Features

    Additional Misc Features GardenPlay Area Exterior Dual Pane WindowsStucco Lot Description Regular Parking Description Garage Parking Parking Spaces Total 4 Roof Tar And Gravel Yard Description Back YardDog RunGarden/PlayFull Fence

    Interior Features

    Basement None Cooling No Air Conditioning Flooring CarpetLaminate Heating Wall Furnace Laundry Coin OperatedIn Laundry Room Some Units Have Updated BathsUpdated Kitchen

    Property Features

    Age 55 Annual Expense Year 2019 Annual Gross Fee Income 64572 Annual Gross Sched Income 64572 Annual Insurance Expense 1585 Annual Maintenance Exp 2000 Annual Management Expense 0 Annual Miscellaneous Inc 0 Annual Rental Inc 64572 Annual Taxes 13650 Annual Total Oper Exp 31595 Annual Utility Expense 9057 Annual Vacancy Expense 0 Building Type Fourplex City Transfer Tax Yes Disclosures Nat Hazard Disclosure Equipment Additional Garage Door OpenerAll Public UtilitiesIndividual Electric MeterIndividual Gas Meter Existing Lease Terms Month To Month Financial Data Source Owner Operating Expenses ElectricGarbage CollectionGasInsuranceMaintenance/RepairProperty Tax/AssessmentsTrash RemovalUtilitiesVacancy FactorWater Other Annual Expense 1706 Point Of Sale Ordinance Yes Possession Coe Separate Meters ElectricGas Solar None Source Public Records Special Information None Tenant Pays Cable Tv Terms 1031 Exchange Total Deposits 3950 Water Sewer Sewer ConnectedWater - Public

    Listing courtesy of Cory Waxman of Colliers Parrish International.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-20T11:37:55.69.

     
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