$1,300,000
Residential Income For Sale
2246 23rd Ave, Oakland, California 94606
Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1, 300, 000 ($185, 714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof.