| INCOME PROPERTY FOR SALE: 41 UNITS |
| STATUS: |
Sold - February, 2002 |
| ADDRESS: |
2232 Seminary Avenue, Oakland, CA 94605
Cross Street: Hilton Street Map Code: 670F2 |
| MOTIVATION: |
Seller exchanged. |
| PRICE: |
$2,250,000 |
| TERMS: |
Cash to new loan. |
| DESCRIPTION: |
Two story motel style apartment building located in East Oakland. The property was sold vacant and consists of 40 small 1-br/1-ba units plus a 3-br/1-ba. There is parking in the rear. The building is rectangular in shape around a central courtyard The property had been leased to Volunteers of America as a correctional facility for women inmates to be with their children. |
VALUE
INDICATORS: |
GRM: N/A
Cap Rate: N/A
Price per unit: $54,878
Price per square foot: $117
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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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