5 Unit REO Near Mills College
This property is located near Brookdale Park adjacent to the Laurel & Maxwell Park Neighborhoods of Oakland. 4315 Brookdale Ave. is a Bank Owned REO property and consists of 2 sets of attached cottages, and a 3rd stand alone cottage, totaling 5 units all together.
| Type | Multi-Family |
|---|---|
| Units | 5 |
| APN | 032-2043-004-00 |
| Square Footage | 2640 |
| Lot Size | 8,480.00 sq.ft. (per county records) |
| Year Built | 1924 |
| Lapham Listing? |  |
| Price | $400,000 |
|---|---|
| Down Payment | $200,000 |
| Loan Payment | $200,000 |
| Cash on Cash Estimate | |
| Pro-Forma Cash Flow Est | |
| Scheduled Cap Rate | 9.10 |
| Pro-Forma Cap Rate | |
| Scheduled GRM | |
| Pro-Forma GRM | |
| Price Per Unit | $80,000 |
This property is located near Brookdale Park adjacent to the Laurel & Maxwell Park Neighborhoods of Oakland. 4315 Brookdale Ave. is a Bank Owned REO property and consists of 2 sets of attached cottages, and a 3rd stand alone cottage, totaling 5 units all together. This building offers unique cottage style apartments with separate front and back porches. There have been significant updates to 3 of the 5 units. The Owner has spent over $50,000 to improve the property, which will reduces the many unexpected, post purchase, costs associated with typical REO properties. There are Four 1 Bedroom/ 1 Bath units and One 1 + Bedroom/ 1 Bath unit. Individually metered for gas and electricity while owner pays for water, garbage, and common area electrical light. Near the bustling Fruitvale District, close to Mills College, and a couple of blocks from the 580 Freeway. This property is close to Public transportation and steps away from the Laurel District, which offers boutique shops and restaurants for your renters.
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