820 Athens Avenue, Oakland, CA 94607
Duplex · 2 recorded sales since 2019
Sold April 2020
Listing Agent: Tyler Abraham (DRE #02084876) · Listing Office: Intero Real Estate Services · Contact: 510-489-8989 · Bought with: David Greene · Keller Williams · MLS #40896543 · Source: CRMLS
About this duplex
This fully vacant duplex located in up and coming West Oakland comes with fully approved plans and permits in hand. Located near Oakland's desirable Uptown Neighborhood, and 5 minutes from the 19th Street Bart Station, this property is a commuter's dream. Upon execution of the Plans, this property will consist of a 4 bedroom/3 bathroom unit downstairs and a 3 bedroom/2 bathroom unit upstairs. The projected rent for the downstairs unit is $3,945/mo and the projected rent for the upstairs unit is $3,215, making the annual gross rental potential $85,920. Including renovation costs, this property is being sold at a 6.3% cap rate, which is significantly higher than most rental properties currently on the market, making this the perfect opportunity for a savvy investor or for a homeowner looking to offset the cost of their mortgage.
Listing description from the April 2020 sale, as reported to CRMLS.
Sale history
