Fruitvale Portfolio
3 Properties in Oakland, CA
Price: $ 28,785,000
Property Size: 84,882 sqft
Cap Rate: 5.36%
NOI: $ 1,542,080
Lot Size: 1.30 acres
Units: 140
Status: For Sale
Price / Unit: $205,607
Price / SF: $339.12
The Mitchell Warren Team is pleased to present the Fruitvale Portfolio, three incredible properties containing 140 units spread over 84,882 square feet. The properties are situated in the bustling Fruitvale district, just steps from the serene Lake Merritt. The portfolio has an impeccable maintenance record, and zero deferred maintenance providing investors with peace of mind and ease of management.
Each unit across all three buildings is individually metered for gas and electricity, minimizing utility expenses and enhancing cost control. With a remarkable occupancy rate exceeding 97%, you can step into a steady and lucrative cash-flowing portfolio from day one.
This is your opportunity to acquire a diverse and well-maintained portfolio that offers immediate scale, excellent in-place cash flow, and long-term stability.