Registration is now open for our Wholesaling and Fix & Flip Bootcamps. Register Now!

Hide this

Investment @property Directory

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:

$159,000

XXXX McArthur Blvd
Oakland, California 94605 Get Map


Built 1990
Posted March 23, 2009



Description:

Watch Video at: http://motivatedproperties.com

Duplex: 3/2 3/2 After Repaired Value: $240,000 LTV – including rehab: 67% $90,000 in equity! Rehab: $2,500 – $5,000 Vacant, Rents: $2700 a month CAP Rate: ~ 17% Zillow value: $355,000 Sold in ’05: $500,000 Assessed value: $530,000 Inside is in great shape. Outside is solid. Secured parking. Taxes assessed at $530,000. Buy and get them reduced by 60%. Even with rehab costs, a 17% CAP rate!