Description
Looking for an owner-occupy investment in the East Bay with massive financial upside? Look no further than Oakland's 668 28th Street. A 6,720 sq. ft. lot plays host a 2,922 sq. ft. fourplex (4, 2BR 1BA units) that will start generating income from Day #1. Three units are currently occupied, while the fourth unit (which includes new cabinets, quartz countertop, stainless steel appliances, and new paint) will be delivered vacant upon close. Though the current annual income for the property is approximately $60,325, it's estimated income is roughly $98,400 pending unit turnover. Why so much financial potential? Proximity, proximity, proximity! In addition to being near greenspaces, cultural sites, and urban favorites (bars, restaurants, and even a Whole Foods), 668 28th Street is just minutes from Interstate 580, Interstate 980, San Pablo Avenue, Grand Avenue, two BART stations, and the Jack London Ferry Terminal, making it a dream come true for commuters.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,922SQFT
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$257$/SQFT
School Ratings & Info
Description
Looking for an owner-occupy investment in the East Bay with massive financial upside? Look no further than Oakland's 668 28th Street. A 6,720 sq. ft. lot plays host a 2,922 sq. ft. fourplex (4, 2BR 1BA units) that will start generating income from Day #1. Three units are currently occupied, while the fourth unit (which includes new cabinets, quartz countertop, stainless steel appliances, and new paint) will be delivered vacant upon close. Though the current annual income for the property is approximately $60,325, it's estimated income is roughly $98,400 pending unit turnover. Why so much financial potential? Proximity, proximity, proximity! In addition to being near greenspaces, cultural sites, and urban favorites (bars, restaurants, and even a Whole Foods), 668 28th Street is just minutes from Interstate 580, Interstate 980, San Pablo Avenue, Grand Avenue, two BART stations, and the Jack London Ferry Terminal, making it a dream come true for commuters.
© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-24T23:48:06.437. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate. Licensed in the State of California.
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Listing provided courtesy of Wayne Wang of Keller Williams Realty.