| INCOME PROPERTY FOR SALE: 53 UNITS |
| STATUS: |
Sold - December, 2000 |
| ADDRESS: |
6640-44-46 MacArthur Blvd., Oakland, CA 94605
Cross Street: 68th Avenue Map Code: 650H1 |
| DESCRIPTION: |
53 modern units in three buildings on almost three acres just blocks from Mills College. The Capri Apartments has an excellent unit mix consisting of 33-1-brs, 17-2-brs, two 3-br/2-ba and a 4-br/2-ba unit. Rents are well below market. The seller is willing to carry a 2nd loan to help with financing. |
| MOTIVATION: |
Retirement |
| PRICE: |
$280,000 |
| TERMS: |
Buyer got a 66% loan and the seller carried a 2nd in the amount of $280,000 for five years at 10%. |
VALUE
INDICATORS: |
GRM: 6.6
Cap Rate: 8.2
Price per unit: $52,830
Price per square foot: $75 |
| ![[photo of property]](../../ListGifs/oak_59b.gif) Click photo for enlargement.
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For a complete statement on this property please call or email your request, indicating whether you would like the package sent by mail or fax.
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