Description

Great opportunity to own a 4-unit, 2-story mid-century multifamily property. Located in the Iveywood neighborhood, close to the San Leandro border, and above International Boulevard. Seller has owned and cared for the property for 25+ years. The building is suitable for the investor as well as the owner/occupant/investor. Subject property lies within an area that features a housing mix of single- and multifamily properties, in proximity to ground transportation, with nearby commuter access to state highways 580 and 880. The complex features a unit mix that includes one 3BR/1+BA (owner’s?) unit, two 2BR/1BA units, and one 1BR/1BA unit. Onsite garage parking, one space per unit. Gated, locked property entries at front driveway. Two vacant units stand ready to rent, and two units are occupied at below market rental rates. This well-maintained complex should offer reasonable repair costs as well as significant rental upside. Separately metered for gas and electric; landlord pays for water and trash-removal. Onsite coin-operated laundry facility for tenants only.