$90,000 in equity!

7210 McArthur Blvd, Oakland, CA 94605
 
Duplex:    3/2   3/2   
 
Wholesale Price: $159,000
After Repaired Value: $240,000
LTV - including rehab: 67%
$90,000 in equity!
 
Rehab: $2,500 - $5,000
Square Feet: 1,800
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!
 
Watch video, and more info HERE  

MotivatedProperties.com