3281 Martin Luther King Jr Way, OAKLAND

$1,199,000

7 Beds
4 Baths
3,537 Sqft
.12 Acres
0 Garages

*INVESTORS SPECIAL!*An excellent opportunity to build a triplex with a commercial store on a corner lot located in a desirable neighborhood in Oakland. All final plans and permits are approved by the City. This property will feature 2 units with two bedrooms and 1 bath and 3rd unit with 3 bedrooms and 2 baths. The commercial store will have 5 parking spaces, and can accommodate variety of uses. This property is walking distance to the new Oakland A's stadium and 0.5 miles from MacArthur Bart Station, making it an ideal rental income opportunity for investors. Owner has invested close to $100,000 in engineering, structural and construction plan saving you time and money to get started on this project! Rental income upon completion is estimated to be $13,000-15,000 per month for all units.

Essential Information
MLS® #40882562
Price$1,199,000
Bedrooms7
Bathrooms4.00
Full Baths4
Square Footage3,537
Acres0.12
Year Built1903
TypeResidential
Sub-TypeDetached
StyleFixer-Handyman Special
StatusActive
Community Information
Address3281 Martin Luther King Jr Way
AreaOakland Zip Code 94609
SubdivisionOAKLAND
CityOAKLAND
CountyAlameda
StateCalifornia
Zip Code94609
Amenities
ParkingGuest Parking
GaragesGuest Parking
PoolNone
Interior
HeatingNo Heat
CoolingNone
FireplacesNone
StoriesTri-Level
Exterior
ExteriorNone
Lot DescriptionCorner
RoofNone
ConstructionExisting
FoundationOther
Additional Information
Date ListedSeptember 17th, 2019
Listing Details
AgentAmandeep Dhillon
OfficeIntero Real Estate Services
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Listing information last updated on January 23rd, 2020 at 6:17pm PST.