Updated over 9 years ago on . Most recent reply
off market SFH, duplex, 6 separate units on 1 lot in Oakley, CA
A opportunity to own this very unique income generating property.
On .92 acres of waterfront property on Middle River connecting to the San Joaquin River.
-Main house consist of a 2bed/1ba with den or additional bedroom.
Also on the property are the following:
-Detached duplex consisting of a 2bed/1ba and 1bed/1ba
-Five 1bed/1ba and one studio unit.
-26 boat slips
-Onsite property manager
Main house is vacant. All one bedrooms , studio and half of duplex are completely rented.
Current rents are $6575/month
Projected Gross income is $13,625/mnth with additional rents coming from main house, half of duplex and boat slips. Rent roll is available. Cap rate completely rented out is 9.28%
Owner bought in 2013. As each unit became available they were remodeled. Long term tenants in place
Property is 2 minute drive from Emerson Ranch a planned community of 399 new homes and a 10 minute drive to downtown Oakley. Within minutes to BART transportation to nearby Walnut Creek, Oakland and San Francisco.
Highest and best use is to convert duplex back to a restaurant or a tackle shop and rehab for a destination location.
Buy it now for $1,300,000
ARV $1.5-1.6+M