Description
Looking for a lucrative investment property in the vibrant city of Oakland? Look no further! Month-to-Month Tenant & Excellent Frontage. This exceptional standalone building is currently leased to Mayflower Spa Body & Foot Massage, and has options for extending the current business or perfect for an owner-user space w/excellent signage visibility on a major arterial. An ideal addition to your investment portfolio at a 6.25% - 8% Pro Forma Cap. Build, owner-occupy, or expand! Situated Ivy Hill, this property enjoys excellent visibility & accessibility, ensuring a steady stream of customers for the tenant. Steady Income: Mayflower Massage has a well-established client base and a history of consistent rental payments, offering you a reliable source of income from day one. Upside Potential: Oakland's real estate market is on the rise, offering the potential for property value appreciation in the coming years.This investment could prove to be even more lucrative in the future.
Property Details
- Date ClosedJanuary 31, 2025
- Property SubtypeCommercialSale
- MLS #ML81944019
- MLS #ML81944019
- Property TypePurchase
- Original List Price$555,000
- CountyAlameda
- Acres0.0615
- Utility SourcePublic
- Taxes Annual$3,765
- Cost555000
- Year Built1930
- Stories1
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Carol Reen (#ML5096567)
Listing Office: Compass (#ML5097645)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
