SoldMar 15, 2019

Listed by STEVEN PETERSON from Infinity Investments

Bought with Ryan Landis from Minngo

Source: Bay East, Contra Costa, EBRD #40851660

2 Deering Ct, Oakland, CA, 94601

$1,005,000

3090 sq. ft.
7100 sq. ft.

Duplex

Sold: Mar 15, 2019

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About this property

OFFER DEADLINE EXTENDED: Monday, February 11, 2019 -- 4PM PST Link to Disclosures: https://disclosures.io/link/2-Deering-Court-xjjiqdco Link to Marketing Package: http://vid.us/11bngg The property is comprised of 4 2bd/1ba units totaling 3,090 sqft situated on a 7,100 square foot lot, located off Coolidge Ave in between the very popular Fruitvale and Laurel Districts. 1 of the units is currently vacant, and if rented the property would generate a 6.8% Cap Rate making it one of strongest cash flow properties currently available in the Bay Area. The building is a two story walk-up with 4 carport spaces under the building, and also has a sizable backyard where tenants have a shared Barbecue Area. The property would also make an amazing Owner Occupied Rental as someone can move into the vacant unit and collect rents from the other tenants to help significantly off-set the costs to own and operate the property.

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