$3,995,000
Highland Palms is a 23-unit market rate apartment complex located in Oakland. The property is comprised of 2 three story buildings with 8 one bedroom/ one bathroom, 14 two bedroom/ one bathroom, and 1 three bedroom/ one bathroom units with 19 parking spaces. Amenities include secure access, gated on-site parking, granite counter tops, dual pane windows and individually metered gas and electric. Located in Oakland’s Highland Park neighborhood. Two thirds of the property were completely rebuilt resulting from a fire to include new electrical. 13 out of 23 units remodeled, kitchen w/ granite countertops, updated laminate floors, lighting, appliances, baths w/ tile, newer dual pane windows, gated on-site parking, secure access. Individually metered for gas & electricity. Part of the building has new electric. Investors will receive a full tax abatement from the regulatory agreement in place. Investor to receive a 100% waiver of Ad Valorem property taxes.
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Listed by Steven Peterson with Infinity Investments (510) 380-8101
Property Type
Residential Income
Status
Active
MLS Number
41126606
Year Built
1961
Lot Size
0.32 acres