Description
Rare Section-8 (Oakland Housing Authority rented) 3BD/2BA bungalow located in the Eastmont area of Oakland near local shopping and commute access. This well-maintained home is currently generating scheduled income in the $36,960 per year ($3,080 per month) range (and a possible 4.3% Cap Rate assuming a 35% expense ratio) and will be delivered with the tenant in place at close. The home boasts a cute front porch, formal living room with fireplace, primary suite, 2 additional ample bedrooms, and a 2nd full guest bath. The property is situated on a 5,320 Sq Ft lot with room for tenant enjoyment and with a large detached garage. This is an attractive opportunity for investors looking for solid and secure Section-8 (Oakland Housing Authority) income from a low-maintenance home with low turn-over prospects.
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3BEDS
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0.12ACRES
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2BATHS
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01/2 BATHS
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972SQFT
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$462$/SQFT
School Ratings & Info
Description
Rare Section-8 (Oakland Housing Authority rented) 3BD/2BA bungalow located in the Eastmont area of Oakland near local shopping and commute access. This well-maintained home is currently generating scheduled income in the $36,960 per year ($3,080 per month) range (and a possible 4.3% Cap Rate assuming a 35% expense ratio) and will be delivered with the tenant in place at close. The home boasts a cute front porch, formal living room with fireplace, primary suite, 2 additional ample bedrooms, and a 2nd full guest bath. The property is situated on a 5,320 Sq Ft lot with room for tenant enjoyment and with a large detached garage. This is an attractive opportunity for investors looking for solid and secure Section-8 (Oakland Housing Authority) income from a low-maintenance home with low turn-over prospects.
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