2144 High St, Oakland, CA 94601
- Total Investment Return of 8.72%
- 6.06% In-Place Cap rate
- Strong Unit mix of (4) 2x1 & (1) 3x2
- $266 per square foot, priced to sell
- 6.03% Cash-on-Cash Return
- Current rents are approximately 30% below market providing a tremendous opportunity to increase income.
Thursday, September 22nd: 1:30 pm - 2:30 pm
Friday, September 23rd: 2:30 pm - 3:30 pm
Bos group is pleased to present this exclusive listing at 2144 High St. This investment is a number's driven investors' dream. This 5-unit apartment showcases high returns, cash-on-cash, and Cap Rate.
The property features a very strong unit mix of (4) two-bedroom, one-bath units and (1) three-bedroom, one-bath units. Three of the units have fully remodeled bathrooms and some with a partially remodeled kitchen and new floors. Two of the units are section 8 tenants providing guaranteed income. Both tenants have had rent increases of over $250 a few weeks ago. There are four secure garage parking spaces and a coin-op laundry room on-site that provides additional income.
2144 High St is priced with a return of over 8.72% on day one and showcases a 6.03% cash-on-cash return. Combined with the fact the current tenants are paying 30% below-market rents is made for investors with the long-term vision to acquire a well-maintained 5-unit cash flowing on day 1 with the opportunity to grow in income & value.
Call/Email Ken Wu for the OM and any questions.