$ 1,225,000
2247 ivy dr Oakland, CA 94606
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Listed by Willem Bos • COMPASS
$ 1,225,000
Est. payment /mo
Active
2247 ivy dr Oakland, CA 94606
5,568 SqFt
UPDATED:
11/01/2024 04:01 PM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,568 sqft
Price per Sqft $220
MLS Listing ID 41073115
HOA Y/N No
Originating Board Bridge AOR
Year Built 1941
Lot Size 5,000 Sqft
Property Description
This 5-unit multifamily investment opportunity located in the Ivy Hill neighborhood in Oakland California, offers a promising financial future. The 5,568 square foot property consists of three large 2 bedroom/1 bathroom units and two spacious 1 bedroom/1 bathroom units in a three-story building of wood frame and stucco construction. The property features private entries, central heating, new kitchens with stainless steel appliances, new bathrooms, and a low-maintenance landscape. Tenants are separately metered for PG&E, ensuring remarkably low operating expenses for new ownership. In addition, the building was recently seismically retrofitted, saving any investor the headache and cost of completing this big ticket item themselves. 2247 Ivy Dr is located in the desirable Ivy Hill neighborhood, just 3 minutes away from Oakland’s Lake Merritt. Tenants can enjoy all the lake activities, as well as nearby restaurants, cafes, parks, and shopping, making this property a sound investment with promising financial benefits.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Ceiling Fan(s), None, Other
Flooring Wood
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Handicap Access Other
Parking Type Garage
Building
Lot Description Other
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