Listed by Bos Group
$2,575,000
1142 McKinley Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,486
Units 13
Cap Rate 7.04%
NOI $181,395
Tenancy Multi
Pro-Forma Cap Rate 8.14%
Pro-Forma NOI $209,481
Price per SqFt $246
Year Built 1929
Lot Size (SqFt) 4,570
Multifamily | 13 Units | $198,077/unit
Marketing description
Bos Group is proud to present 1142 McKinley Avenue, a 13-unit Multifamily property in Oakland's Cleveland Heights neighborhood offered at $2,575,000. The property features a unit mix of (12) 1x1 and (2) Studio as well as one non-conforming Studio with total current in-place monthly income of $26,386.
Investment highlights
- 1929 Mediterranean-style building | (12) 1BR + (2) studios
- 7.04% current CAP | 8.13 GRM on strong in-place income
- 11.57% rent upside to market | mark-to-market on turnover
- Lake Merritt BART ~1.5 mi (Blue/Green/Orange lines); AC Transit bus service on Lakeshore Ave
- Interstate 580 immediately north; I-880 access; ~2 mi to Downtown Oakland
- Blocks to Lake Merritt, Grand Lake and Lakeshoredining
Listing Contacts
Listed by Bos Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$181,395.00
$15,116.25/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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