This fully vacant duplex located in up and coming West Oakland comes with fully approved plans and permits in hand. Located near Oakland's desirable Uptown Neighborhood, and 5 minutes from the 19th Street Bart Station, this property is a commuter's dream. Upon execution of the Plans, this property will consist of a 4 bedroom/3 bathroom unit downstairs and a 3 bedroom/2 bathroom unit upstairs. The projected rent for the downstairs unit is $3,945/mo and the projected rent for the upstairs unit is $3,215, making the annual gross rental potential $85,920. Including renovation costs, this property is being sold at a 6.3% cap rate, which is significantly higher than most rental properties currently on the market, making this the perfect opportunity for a savvy investor or for a homeowner looking to offset the cost of their mortgage.
Bay East ©2020. CCAR ©2020. BridgeMLS ©2020. Information deemed reliable but not guaranteed.
This information is being provided by the Bay East MLS or the CCAR MLS or the EBRDI MLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listing information last updated on March 28th, 2020 at 11:31pm PDT.