This Multifamily Property is no longer advertised on LoopNet.com.
1640 6th Ave
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
Turn-Key Investment
Major Upgrades & Nearly Entirely Renovated
Short Walk from Lake Merritt
6.08% Cap Rate / 10.83 GRM (Current)
7.65% Cash-on-Cash Day 1
Approx $1MM of Recent Improvements
PROPERTY FACTS
No. Units
16
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low Rise
Building Class
C
Lot Size
0.27 AC
Building Size
8,586 SF
Average Occupancy
100%
No. Stories
2
Year Built/Renovated
1959/2022
Parking Ratio
1/1,000 SF
UNIT AMENITIES
Dishwasher Disposal Heating
Kitchen Granite Countertops
Stainless Steel Appliances Range
Tub/Shower Double Pane Windows
SITE AMENITIES
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
10
$2,100
600
2+1
4
$1,953
750
Studios
2
$1,448
450
PROPERTY TAXES
Parcel Number
020-0187-009-01
Improvements Assessment
$2,292,248
Land Assessment
$984,267
Total Assessment
$3,276,515
