515 Sycamore Street, Oakland, CA 94612

$1,149,500
List Price
$1,149,500
Status
ACTIVE
Price Change
▼ $45,500 1549585021
Year Built
1901
MLS#
ML81734890
Lot Size
4,000
Type
Multifamily
Zip
94612
city
Oakland

Property Description

Property shall be delivered VACANT at close of escrow! Previously used as a 4-unit building, the possibilities for this property are endless. This stately building in the Uptown neighborhood could continue generating income as a fourplex or could quickly be upgraded to a 5-unit per advice of contractor and architect. Current owners have also begun the entitlement process to bring it to its highest and best use 11 units. Incredible development opportunity in one of Oaklands trendiest neighborhoods. This opportunity can suit anyone. Low down payment financing available for owner-occupiers. Cash-flow property is perfect for investors. Entitlements pave the way for developers. Seller financing would be considered. Come check it out and explore it for yourself. Three of the units have well-designed layouts with oversized bedrooms. The other unit is a newly updated studio. City views from the top floor. Large back yard is ready to be converted into an urban oasis.

Additional Information

Annual Taxes
16133
Heating
No Heat
Cooling
No Air Conditioning
Parking Spaces
3
Water Sewer
Sewer System - Public, Water - Public
Building Type
FOURPLEX
Annual Gross Sched Income
136512
Operatingexpenses
Vacancy Factor
Zoning
RU-3
Possession
COE
Annual Rental Inc
136512
Acres
0.09
Terms
Cash, Contract Of Sale, Conventional, FHA, Lease Option
Net Operating Income
$100,258
School District
Oakland (510) 879-8111

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Ryan Landis from Minngo

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