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$749,000
Est. payment /mo
5,619 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Fairfax
MLS Listing ID 41153024
HOA Y/N No
Year Built 1920
Lot Size 5,619 Sqft
Property Sub-Type Quadruplex
Property Description
Set in East Oakland's established Fairfax neighborhood, 5201 Congress Ave is a fully leased 1920 fourplex built to earn its keep year after year. With every unit tenant-occupied on month-to-month terms, investors step into in-place income from day one. The building has two 1-bed/1-bath & two 2-bed/1-bath units, each with its own address, electrical meter, assigned gated parking space, and exterior storage closet. A 1-car attached garage and backyard pavilion for socializing round out this lot. The corner lot & off-street parking help set this building apart from many older multifamily properties in the area, where on-site parking can be hard to come by. All 4 units have been updated over the years, so the building is ready to keep performing today while still leaving room for a new owner to add value. Inside, each unit lives simply & efficiently, with gas ranges, ceiling fans, double-pane windows & wall furnaces keeping things comfortable. Horace Mann Elementary sits right across from Ygnacio Ave & Foothill Blvd shopping; Fruitvale & Coliseum BART, I-580 & I-880 are all within about 2 mi for easy commutes. Whether you're adding to a growing portfolio or making your first move into multifamily, this is the kind of steady, low-drama asset that rewards a long-term hold. Come see it in person & discover how well 5201 Congress could work for you & your investment goals.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Concrete, Laminate, Tile
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Assigned, Carport, Garage
View Y/N Yes
View City Lights, Hills, Trees/Woods
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description Back Yard, Corner Lot
Others
Tax ID 3523802
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Roland Osage Real Brokerage Technologies #02055089
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