216 Orange St, Oakland, CA 94610

In the very popular Grand Lake/Piedmont Ave area, this mid-century, SEVEN UNIT building has an enviable WALK score of 88. There are four 2BD units, three 1BD ones, and all have fresh air entry as opposed to sharing an interior common hall with others. The building, within a small radius, is surrounded by some 60 restaurants, cafes and pubs, two movie theaters and six grocery stores, among them Whole Foods and Trader Joe's. Attractively priced at a CAP RATE 6.2 and a GRM of 9.6, the building is being offered at $253,573 per unit, comes with six parking spaces, and is on a quiet, two block long street. The Oakland mandated soft story work has been completed. Residents enjoy, besides the 60+ nearby retail, the popular Saturday Farmer's Market and the amenities of Lake Merritt. There are banked rents from the soft story work. ASSUMABLE loan of $559,000 at 4.6%.