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Listed by Marcus & Millichap
$ 4,750,000
Est. payment | /mo
24,520 SqFt
$ 4,750,000
Est. payment | /mo
24,520 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 24,520 sqft
Price per Sqft $193
MLS Listing ID ML82053676
HOA Y/N No
Year Built 1966
Lot Size 0.258 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Located just two blocks from Lake Merritt, 220 Athol Avenue offers investors the rare opportunity to acquire a well-maintained 25-unit apartment community at an exceptional basis of just $190,000 per unit and $193 per square foot. The property features private balconies for every unit, gated underground parking, and onsite laundry facilities, enhancing its appeal to residents. Offered at over a 6% CAP rate with substantial additional rental upside, 220 Athol Avenue represents one of the most compelling value-add investment opportunities in Oakland's premier Lake Merritt neighborhood.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Fireplace No
Building
Water Public
"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"