Cap Rate 6.42% (Current) | GRM 8.83 (Current) | Cap Rate 8.47% | (Proforma) | GRM 7.32 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well maintained and upgraded over the years. Improvements include city required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2 car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.