Residential Income - 1841 98Th Ave, Oakland, CA

Description

This well-maintained mixed-use asset consists of two residential apartments, plus an attractive commercial laundromat. The real estate is favorably situated in the vibrant Cox/Iveywood neighborhood within the Oakland foothills, right across the street from Elmhurst Middle School and two short blocks from Verdese Carter Park. All three units are separately metered, and the apartments each feature separate private entrances with dedicated off-street parking. The laundromat includes high efficiency Dexter equipment in excellent/like-new condition. The $650,000 real estate offering includes two residential units and commercial laundromat space. The separately owned, fully equipped operating laundromat business is also being offered for sale, creating an opportunity to acquire the income-producing real estate and operating business together. Alternatively, the real estate may be acquired with the laundromat remaining as a long-term NNN tenant. The laundromat business has its own asking price and is not included in the $650,000 real estate offering. Laundromat business information is available to qualified prospective purchasers. Due to size of laundromat, non-residential financing will be required.

Property details

Location

1841 98Th Ave • Oakland, CA 94603

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Listed by

Thomas Garabedian Cone · Red Oak Realty