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.
Location
Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS ®, but is not warranted. Updated: 29th March, 2023 2:19 AM (UTC)
Listing Agent: Andrew De Vries
Listing Office: Berkshire Hathaway-Franciscan