$120,000 in equity!
107 Catron Ct. Oakland, CA 94603
Multi-family 4-Unit: 2/1 2/1 1/1 1/1
Wholesale Price: $238,000
After Repaired Value: $375,000
LTV - including rehab: 67%
Rehab: $8,000 - $12,000
Square Feet: 3,000
Vacant, Rents: $3800 a month
CAP Rate: ~ 15%
Recent "as-is" appraisal: $350,000
Zillow value: $450,000
Sold in 2006: $630,000
Assessed value: $655,000
Solid working class rental neighborhood. Inside looks great.
Vacant property, graffiti on exterior. Taxes are assessed at
$630,000. Buy and get taxes reduced by 60%.
Even with rehab costs, you're looking at a 15% CAP rate!
Watch video, and more info HERE
MotivatedProperties.com
Comments (2)
There are about 10 of these four-plexes at the end of this street with the exact same construction and look. It does definitely need new exterior paint, but with that it will look quite nice.
Kendrick Wright, over 15 years ago
Nice price, but home is ugly
Nat Breckenridge, over 15 years ago