MLS® ID: 40886158
3647 Coolidge Avenue
OAKLAND, California, 94602 $1,460,000
The M|K|D Group is pleased to offer for sale this four (4) unit multi-family property providing investors an opportunity to purchase a well maintained property located at 3647 Coolidge Avenue in Oakland. In-Place Rents generate NET $67,719 per year. Great Cap Rate: 4.5% This two-story structure is constructed of wood frame and stucco on a raised foundation built in 1963 with a square footage of 3,214 on a generous 6,350-square foot lot. The property is located in Oakland's scenic Dimond district just steps away from retail, restaurants and immediate access to freeways. Well positioned within Oakland's continuously gentrifying sub-market, this investment presents an excellent opportunity for an investor to capitalize on a densely populated area that continues to experience rapid rent growth.