Description
Perkins Manor is a 26-unit multifamily building located in the heart of Oakland’s Adams Point neighborhood. Built in 1966, the wood frame and stucco building consists of four stories and sits above garage parking with a concrete foundation and steel support beams. The building has two top floor penthouse units with decks (one 1br and one 2br). The building has been well maintained during the current ownership’s hold period spanning more than three decades. Units are renovated to market standard on turnover, including granite counters, new cabinets, back splashes and wood style flooring. A new owner can unlock significant upside by modernizing the already well-maintained building exterior and common areas as well as renovating units to a modern style finish on unit turnover.
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