Davide F. Pio and Brian Baniqued of BCRE are proud to present 3256 Nicol Avenue in Oakland. The building consists of a total of (6) units comprised of five (2 bed / 1 bath) units and one (1 bed / 1 bath) unit.
Five units have enclosed garage space parking and all units have access to common area laundry. Storage spaces are available as well. As vacancies occur units can be rented for a premium with in-unit stackable laundry.
The soft-story retrofit engineering drawings and work were completed in early 2020, allowing exemption from the City of Oakland Soft Story list.
Three (3) of the six (6) tenants receive assistance from the Oakland Housing Authority and nearly 43% of income received comes timely from the entity, even during the Covid-19 pandemic proving the property can not only provide further upside, but security of cash flow in times of crisis.
Representation – Seller