Listing provided courtesy of Listing Broker: TIMOTHY WARREN, JOSEPH M. TAPIA, BROKER.
We are pleased to present 570 Boden Way, a nine-unit multifamily property located just steps from Lake Merritt. The property consists of nine (9) 2 bedroom / 2 bathroom units averaging over 1,200 square feet each. The building sits above 14 garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views of Lake Merritt, Grand Lake Theater, and Downtown Oakland. This is truly a rare pride of ownership asset in an A+ location. Situated just blocks from both Lakeshore Avenue and Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee and various cafes and shops all within walking distance.
Price / Sq.Ft.
Flyhomes Cash Offer
Based on a price of $4,500,000
Cash Offer Costs:
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Interior Features & Layout
Appliances: Gas Water Heater
Heating & Cooling
Heating Details: Forced Air
Property, Lot, Community & Exterior Features
Lot Features: Up Slope from Street
Lot Size Acres: 0.3200
Lot Size Area: 14000.0000
Lot Size Units: Square Feet
Construction Materials: Stucco, Wood Siding
Total Units: 9
Listing Details, Costs & Financing Information
Tenant Pays: Gas
Tax Annual Amount: 61596.00
Other Expense: 8087.00
Cap Rate: 4.61
Professional Management Expense: 12549.00
Gross Scheduled Income: 323448.00
Net Operating Income: 207337.00
Tax Year: 2020
School Neighborhood & Directions
Directions: Boden Way Cross Street: Lakeshore Ave.
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.