3114 Nicol Ave Oakland, CA 94602

Located in Oakland's Laurel District—just minutes from Alameda, Downtown Oakland, and Joaquin Miller Park—is 3114 Nicol Avenue. This 3 unit (1, 1BR/1BA + Office | 2, Studio) multifamily isn't turnkey—it will require exterior work—but at $350,000, it's being offered at a price that's impossible to beat. All units are occupied, and current monthly cash flow is just shy of $3,200—about $2,000 lower than what it will be if updated to market rates. Additionally, a large rear yard could serve as ample space for an ADU at some point in the future. The property also comes with a two-car, tandem driveway. From an everyday living standpoint, nothing is too far away. Essential retail from Safeway to CVS is just five minutes away by car, as are other important offerings such as banks (Wells Fargo, Chase, Bank of America), dining (Peet's Coffee, La Farine, Grand Lake Kitchen, etc.), and healthcare (Highland Hospital).