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$1,045,000
Est. payment /mo
3,497 Sqft Lot
Open House
Sun Nov 15, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision West Oakland
MLS Listing ID 41152901
HOA Y/N No
Year Built 1928
Lot Size 3,497 Sqft
Property Sub-Type Quadruplex
Property Description
COMPLETELY VACANT FOURPLEX – A RARE INVESTMENT OPPORTUNITY! Here's your opportunity to take control from day one! This Fourplex is 100% Vacant, giving you the freedom and flexibility to establish market-rate rents immediately, select your own tenants, and maximize the property's income potential. Adding even more value, each unit is separately metered for water, gas, and electricity including a 5th common-area meter, allowing utility consumption to be measured and billed individually to tenants, helping reduce operating expenses and improve your bottom line. $273/SF. $261,000 per unit, (±) $120,804 estimated projected annual income, (±) 9.248% CAP Rate and (±) 8.65 GRM at $1,045,000, the numbers speak for themselves. The unit mix consists of three 1Bd/Ba units and one 2Bd/1Ba unit, with each unit is approximately (±) 955 SqFt of living space, complete with a formal dining room and separate living room. Building total 3,820 SqFt. Additional amenities include four individual garages, four private storage spaces, and a coin-operated laundry room, providing added convenience and potential supplemental income. Low-maintenance grounds, much of the property is surrounded by concrete, significantly reducing gardening expenses. You're not just buying four units. You're buying four opportunities to generate passive income, build wealth, and create a legacy.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Carpet
Fireplace No
Exterior
Parking Features Garage
Roof Type Composition
Total Parking Spaces 4
Others
Tax ID 969316
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Virtual Tour https://865-29th.com/mls
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Listed by Giuseppe Zumbo Compass #01753412
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