5.5% Cap Rate on Current Rents!!! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents are over $15,000 per month with potential to increase rents to over $18,000 per month when rooms turnover and the market allows. Co-living fits a very special niche in the tight and costly Bay Area housing market and has attracted many people who enjoy the benefits of communal living. This is a wonderful cash flowing investment for a savvy investor.
Listing Courtesy of Daniel Winkler , WINKLER REAL ESTATE GROUP
Dryer, Washer, Gas Water Heater
No Air Conditioning
Forced Air, Natural Gas
No Parking on Site, Off Street, Parking Lot
Lap, Cement Siding, Fiber Cement
Laminate, Engineered Wood
Listing Courtesy of WINKLER REAL ESTATE GROUP
Golden Gate Sotheby’s International Realty is your destination for luxury real estate listings. This property, 439 International Blvd , is a Residential Income for Sale in Oakland, California. Located at 439 International Blvd in the 94606 zip code in Oakland, the 5,502 Sq.Ft. home sits on a 3750 Sq Ft. lot and has and . Golden Gate Sotheby’s International Realty also has property listings in cities near Oakland, including Oakland, Alameda and Piedmont. If you would like more information about this home for Sale at 439 International Blvd, Oakland, California 94606 United States or would like to schedule a showing, contact the agent listed above for more information. You may also sign in, create an account, and save this listing for later reference by using icons at the top of this page.