Description
To access the marketing package copy/paste: https://bit.ly/kitehillre Introducing 459 Stow Avenue, a rare opportunity to acquire a well-maintained four-unit apartment building in one of Oakland's most desirable neighborhoods. Built in 1990--a rarity in Oakland's multifamily market--the property features an attractive unit mix of (2) two-bedroom/one-bath units and (2) one-bedroom/one-bath units, making it ideal for a broad tenant base. Several units enjoy Lake Merritt views from their bedrooms and private balconies, while residents benefit from four covered parking spaces and on-site coin-operated laundry. The property has been meticulously maintained, with over $110,000 invested in capital improvements, significantly reducing deferred maintenance for future ownership. Recent upgrades include a fully renovated Unit 2 featuring a new kitchen, bathroom, flooring, cabinetry, countertops, and appliances, along with a remodeled Unit 4 bathroom. Additional improvements include new roofs and skylights, new water heaters, dual-pane windows, new fencing, renovated balconies, garage enhancements, and water-efficient fixture upgrades throughout the property, offering investors a truly turnkey asset. Ideally located just blocks from Lake Merritt, Lakeshore Avenue, and Grand Avenue, tenants enjoy easy access to Trader Joe's, the Grand Lake Farmers Market, restaurants, cafes, grocery stores, and everyday conveniences. With an outstanding walkable location, strong tenant appeal, newer construction than most Oakland apartment buildings, and pride of ownership throughout, 459 Stow Avenue presents a compelling opportunity to acquire a low-maintenance investment in one of the East Bay's most sought-after rental markets.
