Welcome to your ideal duplex property that can be used as your personal home or as a steady investment. Two houses sit on this lot, each with two bedrooms and one bathroom. The spacious homes are the perfect starter home or investment property. Located directly across the street from Harvard Park and Recreation center on a corner lot. Owner-user buying the property may relocate tenants. Check with attorney and rent control ordinance as this property is subject to it. Buyer to perform full due diligence. Seller may perform a 1031 Exchange at no cost to buyer. This property is subject to inspection. TENANT RELOCATION CREDIT OF $15,000 GIVEN TO BUYER AT CLOSE OF ESCROW.
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List Price | $535,000 |
Property Type | Duplex (2-units) |
Usable Sqft | 1,941 |
Number of Stories | 1 stories |
Parking Spots | Unknown |
Year Built | 1927 |
Last Sold | February 25, 2020 |
Sold Price | 535,000 |
APN # | 6002028016 |
MLS # | Unknown |
Property ID | 291532926 |
Lot Sqft | 4,944 |
Zoning | LAR1 |
Total Units | 2 |
Date Updated | February 26, 2020 |
Date Created | September 03, 2019 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | 2 | 1.00 | $1,626 | $1,800 |
Unit #2 | 2 | 1.00 | $1,300 | $1,800 |
Gross Income (Yr) | $ 43,200 |
Operating Expenses | $ 10,455 |
Net Income (Yr) | $ 32,745 |
Cap Rate | 6.42% |
Robert Crawford an agent of WE ARE REALTY INC. Lic #01956587
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Robert Crawford
REAL ESTATE AGENT