Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - San Francisco
$1,100,000
8117 Ney Avenue
Details
APN 40A-3422-39
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,277
Units 4
Cap Rate 6.21%
NOI $77,648
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.16%
Pro-Forma NOI $102,033
Price per SqFt $381
Class C
Year Built 1947
Acreage 0.220
Zoning RM
Parking Spaces 4 spaces
Parking Per SqFt 1.22
Investment Type Value Add
Multifamily | 6.21% CAP | 4 Units
Marketing description
Marcus & Millichap is pleased to present 8117 Ney Ave, a well maintained 4-unit multifamily property located in Oaklands Eastmont Hills neighborhood. Built in 1947, the property totals approximately 3,277 SF on a 0.22acre lot and is 100% occupied. The unit mix consists of spacious 2 and 3 bedroom units with individually metered gas and electric, master metered water, and gated driveway parking for 4 vehicles. Inplace rents are approximately below market, offering upside potential through future rent growth. Conveniently located near MacArthur Blvd, Eastmont Town Center, public transit, and with easy access to I580 and I880. A solid investment opportunity with stable income in an established East Oakland rental area.
Listing Contacts
Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - San Francisco
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,648.06
$6,470.67/mo
Valuation Metrics
0
DSCR
7.06%
Cap Rate
7.06%
ROI
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