$957,000
$899,500
6.4%For more information regarding the value of a property, please contact us for a free consultation.
5223 Bancroft Ave Oakland, CA 94601
4,800 Sqft Lot
Key Details
Sold Price $957,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40981401
Sold Date 04/14/22
HOA Y/N No
Year Built 1923
Lot Size 4,800 Sqft
Property Sub-Type Quadruplex
Property Description
5223 Bancroft Avenue is a four-unit building located in Oakland's Fairfax Submarket. Built in 1923 the property boasts 3 one-bedroom one-bathroom units and 1 two-bedroom one bathroom unit. Tenants enjoy a backyard common area, and washer dryer hookups in units. The property is individually metered for all utilities allowing for lower operating expenses and is positioned for significant income growth through tenant turnover, rent increases, and converting the backyard common area into parking (potential for additional income). Nearby conveniences include Fruitvale BART, Mills College and I-880.
Location
State CA
County Alameda
Interior
Heating See Remarks
Flooring Tile, Wood
Fireplace No
Exterior
Parking Features On Street
Building
Lot Description Back Yard, Street Level
Sewer Public Sewer
Others
Tax ID 3523945
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Financing Conventional
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Bought with Jermaine Duckett Realty ONE Group Future