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Courtesy of Arise Realty, Michael S Youssef 650-212-4010
Description
This triplex offers an amazing opportunity to live in one home and rent the other two, or rent all three and you can make $11,961 monthly rental income. If you plan on living in one home you can take advantage of Fannie Mae’s new rule allowing a minimum 5% down payment. If investing this checks all boxes and it passes the 1% rule, the 50% rule, and is comprised of a remarkable unit mix, consisting of a 5 bed/1 bath plus an additional upstairs laundry room and storage, a spacious 4 bed/ 1.5 bath, and a 2 bed/1 bath on a quiet street in the Meadow Brook neighborhood of Oakland. Recently renovated and reinforced in compliance with permits this property has new electrical, new copper plumbing, double pane windows, new roof, and is low maintenance with a nice tranquil backyard ideal for a communal garden. Individually metered for gas and electricity. Commuter friendly nearby Fruitvale Bart Station, Hwy 580 and 880. Come see this one for yourself!
Property Details and Features
Listing
- Source: MLSListings
- Listed on 2024-03-20 20:12:17
Lot
- Max Area: 4920.00
- Max Area Units: Square Feet
Bedrooms
- 11 bedrooms
Bathrooms
- 3 full bathrooms
- 1 half bathroom
Location
- County: Alameda
Building
- Built in 1902
- 2,364 square feet
- 2,364 living square feet
- Building type: Detached
Accessibility Features
- Parking
Dining Room
- Dining Area
Family Room
- Separate Family Room
Foundation
- Raised
Roof
- Composition
- Shingle
Cooling
- None
Security Features
- Window Bars with Quick Release
Garage
- Off-Street Parking
Parking
- 3 parking spaces
Water Features
- Public
Heating
- Central Forced Air
Utilities
- Public Utilities
Sewer
- Sewer – Public
Property
- Zoning: R3
- Horse property?: No
Schools
- Elementary school district: Oakland Unified
- High school district: Oakland Unified
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Listings last updated on May 1, 2024 1:04PM.