MLS#ML82053676
STATUSActiveUnderContract
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Marcus & Millichap
Agency Phone: (650) 391-1700
Associate Name: Eymon Binesh
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
Located just two blocks from Lake Merritt, 220 Athol Avenue offers investors the rare opportunity to acquire a well-maintained 25-unit apartment community at an exceptional basis of just $190,000 per unit and $193 per square foot. The property features private balconies for every unit, gated underground parking, and onsite laundry facilities, enhancing its appeal to residents. Offered at over a 6% CAP rate with substantial additional rental upside, 220 Athol Avenue represents one of the most compelling value-add investment opportunities in Oakland's premier Lake Merritt neighborhood.
Property Features
Property Type: Commercial - Business
Cooling: None
Lot Size: 0.26 Acres
Taxes: $82,082
Year Built: 1966
Feature Descriptions
Days on Site: 9
Parcel#: 021022403201
Water: Public
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap
Agent Name: Eymon Binesh
Agency Phone: (650) 391-1700
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
220 Athol Avenue | MLS# ML82053676
This commercial property located at 220 Athol Avenue, Oakland, CA 94606 is currently listed for sale with an asking price of $4,750,000. Athol Avenue is located within the Other school district. Search Oakland real estate on www.farrellsmyth.com today.