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1900 22nd Ave Oakland, CA 94606
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Key Details
Sold Price $688,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41010244
Sold Date 02/10/23
HOA Y/N No
Year Built 1927
Lot Size 2,631 Sqft
Property Description
6.02% Cap rate on this well-maintained Duplex in San Antonio neighborhood. 2 mins walking distance to Garfield Elementary and Roosevelt Middle. Great investment due to its proximity to schools and freeway. Either rent both out for 6.02% cap rate or live in one and collect rent on the existing tenant and have the property pay for itself. Low maintenance backyard and each unit comes with 2 bedrooms, 1 full bathroom and 1 attached car garage. Plenty of storage for each unit. All units individual metered. $4,750/month in gross rent ($57,000/yr). Operating expenses are $14,868/yr. Net operating income (NOI) $42,132/yr! 6.02% cap rate! DON'T miss this! Buy this for the new year 2023.
Location
State CA
County Alameda
Interior
Heating Floor Furnace, Natural Gas
Flooring Carpet, Wood
Fireplace No
Exterior
Garage Garage
Parking Type Garage
Total Parking Spaces 2
Building
Lot Description Back Yard, Corner Lot, Street Level
Sewer Public Sewer
Others
Tax ID 2124713
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Bought with Hui Kai Pi • Realty ONE Group Future