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62ND OAKLAND, CA 94605
- Multi-family (5 or more units) / HUD Foreclosure
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Property Details for 62ND St, OAKLAND, CA 94605
Features
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Facts
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Sale Type
This is a HUD Home that the Government has foreclosed on because the owner couldn't meet their payments. This home is sold via an auction process whereby the highest bidder wins the home, typically at prices affordable for lower-income families.
Description
50,000 PRICE REDUCTION, Seller Motivated. In today's high interest rate environment you must find unique buildings that will outpace inflation and cash flow immediately considering current interest rates. This property will deliver immediate cash flow returns while maintaining the growth potential in the rents due to having 4 subsidized tenants on HUD's VASH program for Veterans which guarantees rental collections and even has the ability to obtain rental increases above the allowable amounts for market rate Rent Controlled units. Beat the street by purchasing this excellent investment property!
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Property Brokerage:
Mickelin Burnes-Browne Real Estate
2894 Mabury Ct
San Jose
CA
95133
Copyright © 2024 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.