Description
Two mixed-use properties for sale on one lot! This property is an investor's dream! Centrally located on the corner of International Blvd and 11th street just minutes from downtown Oakland and Lake Merit. Building 1 has a 1054 sqft retail space currently available for lease located directly on International blvd with 3 residential rental properties above all leased under market value. Building 2 has a 1550 sqft 4 car commercial garage currently be rented out under market value as storage and a recently remodeled vacant flat for lease or for owner use. With a 5% cap rate, long-term tenants, possible future rental growth, Storefront, and 3 bedroom apartment available to be leased in a centrally located area, this property truly has everything an investor could be looking for. Instant potential for a savvy investor to purchase this property and increase the value of the property in a very short time.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,550SQFT
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$335$/SQFT
School Ratings & Info
Description
Two mixed-use properties for sale on one lot! This property is an investor's dream! Centrally located on the corner of International Blvd and 11th street just minutes from downtown Oakland and Lake Merit. Building 1 has a 1054 sqft retail space currently available for lease located directly on International blvd with 3 residential rental properties above all leased under market value. Building 2 has a 1550 sqft 4 car commercial garage currently be rented out under market value as storage and a recently remodeled vacant flat for lease or for owner use. With a 5% cap rate, long-term tenants, possible future rental growth, Storefront, and 3 bedroom apartment available to be leased in a centrally located area, this property truly has everything an investor could be looking for. Instant potential for a savvy investor to purchase this property and increase the value of the property in a very short time.
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