Pike Street Properties
Listed by Pike Street Properties
$725,000
21 N Saginaw Profit Palace!
Details
Property Type Multifamily
Sub Type Apartment Building, mixed-use
Square Footage 7,500
Net Rentable (SqFt) 7,500
Units 5
Cap Rate 7.58%
NOI $54,985
Price per SqFt $97
Broker Co-Op Yes
Class C
Year Built 1920
Year Renovated 2018
Buildings 1
Stories 3
Lot Size (SqFt) 2,500
Investment Type Stabilized
Sale Condition For sale by owner
Multifamily $725,000.00
Marketing description
Investment opportunity to own a stable multi family mixed use building in up and coming DT Pontiac. Building has been reroofed with a complete tearoff. All new windows on the facade, remodeled units. Beautiful 2nd floor, full floor unit. Live in an owners unit for free while renting the rest of the asset. Building fully rented with solid demand. Across from the Strand Theatre, minutes from the upcoming Oakland HQ across from the 100 unit redevelopment of the Oakland Town Center.
Investment highlights
Units recently renovated. Upgrade finishes for further rental upside.
Retail is currently leased to a tattoo parlor through 2026
Rear units all have outdoor balconies.
All units have in unit washer/dryer.
All units have central heat and AC.
Listing Contacts
Pike Street Properties
Listed by Pike Street Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,985.00
$4,582.08/mo
Valuation Metrics
0
DSCR
7.58%
Cap Rate
7.58%
ROI
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