We are pleased to present 5445 Broadway, an 8 unit multifamily investment property located in the highly attractive Rockridge neighborhood of North Oakland. The property was built in 1958 and consists of 6 one bedroom units and 2 two bedroom units. Owner has completed many building improvements, reducing the potential capital expenses for the next owner. Building improvements include: polyurethane foam roof, earthquake retrofit, garage security gate, $100,000 in unit upgrades, replaced electrical boxes and deck / handrailing repairs to be complete by Close of Escrow. 5.87% Current Cap (6.59% Market Cap). 10.73 Current GRM (9.91 Market GRM).
4,000 Sq Ft Exterior Space
Apartment
$35,863 Annual Tax
Built in 1958
MLS/Listing ID 41107823
8 Units
Lot - Street Level
Construction - Stucco
Construction - Wood Siding
Dryer
Gas Water Heater
Washer
Foam
Listing Courtesy of MARCUS & MILLICHAP, JOSEPH OWENS - 925-808-9098
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE
TOTAL MONTHLY COST
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