$1,225,000
2247 ivy dr Oakland, CA 94606
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$1,225,000
Est. payment /mo
5,000 Sqft Lot
Price Dropped by $50K
2247 ivy dr Oakland, CA 94606
UPDATED:
10/25/2024 06:33 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41073115
HOA Y/N No
Year Built 1941
Lot Size 5,000 Sqft
Acres 0.1148
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 See Remarks
Cooling None, See Remarks
Fireplace No
Appliance Dryer, Washer
Exterior
Total Parking Spaces 4
Building
Water Other
Others
Tax ID 2233815
Listed by Willem Bos • COMPASS
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