1066 54Th St

Large North Oakland Queen Anne Victorian investment with strong current income and excellent rental upside. Current cap rate: 5.63%, Current GRM: 12.01. The property offers a total of five units including one 4bd/1.5bth unit, two 2bd/1bth units, and two studio units in the rear building. The building was originally built in 1908, offers approximately 4,050 square feet of living space, and sits on a 5,000 square foot lot with ample room for parking. The top level 4bd/1bth unit will be delivered vacant at closing and is perfect for an owner-occupant or investor seeking high market rents. Many of the units are remodeled and offer updated kitchens and bathrooms, hardwood floors, newer paint, classic Victorian architecture, custom molding, and more. The property is low maintenance and easy to manage providing for low annual operating expenses. This is a great location close to countless restaurants, coffee shops, grocery stores, Temescal, Berkeley, Emeryville, and multiple BART stations. This is a perfect opportunity for an owner-occupant or investor to acquire a turn-key property in one of Oakland's best neighborhoods with excellent long-term potential.