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Property for Sale » United States » California » Oakland » Millsmont

$90,000 in equity in Oakland, CA

Residential Income Property (Duplex)

Listing Expired almost 3 years ago

List Price:

$125,000

XXXX / 3315 72nd St
Oakland, California 94605 Get Map


Built 1942
Posted March 23, 2009



Description:

Watch Video at: http://motivatedproperties.com

Duplex: 1/1 1/1 After Repaired Value: $220,000 LTV – including rehab: 58% Rehab: $2,500 – $5,000 CAP Rate: ~ 16% Zillow value: $300,000 Sold in 12/06: $456,000 Assessed value: $413,000 Inside is beautiful! One repair issue. Outside is in good shape, has a security gate. One garage door needs repair. Taxes are assessed at $413,000. Buy and get them reduced by 60%. Even with rehab costs, a 16% CAP rate!