$ 1,225,000
2247 ivy dr Oakland, CA 94606
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$ 1,225,000
Est. payment /mo
Price Dropped by $50K
2247 ivy dr Oakland, CA 94606
6 Beds
4 Baths
5,568 SqFt
UPDATED:
11/01/2024 11:41 AM
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,568 sqft
Price per Sqft $220
MLS Listing ID EB41073115
Bedrooms 6
Originating Board Bridge MLS
Year Built 1941
Lot Size 5,000 Sqft
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
Area Other Area
Interior
Cooling None, Other, Ceiling Fan
Flooring Wood
Laundry Washer, Community Facility, Dryer
Exterior
Exterior Feature Stucco
Garage Spaces 4.0
Roof Type Other
Building
Lot Description Other
Water Other
Others
Special Listing Condition Not Applicable
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Listed by Willem Bos • COMPASS