Macarthur Rehab Deal
Acquired in October 2021. This 4 plex is in Oakland and it was completely empty. It was in tired condition and required some updating and repairs. This property offers both exit options. It can be kept for a long-term rental with a pretty high CAP rate or can also be flipped for a good profit.
Rehab Details
| Property City: | Oakland |
| Property State: | CA |
| Purchase Price: | $1235k |
| Rehab + Other: | $50k |
| Money Cost: | |
| Sale Price: | $1560k |
| Gross Profit: | $275 |
***July 13, 2022 ****
1) Made all the necessary repairs
2) Acquire 4 new tenants – totaling a monthly rent of $10800
3) Sold the property for $1560k netting a handsome profit of about 275k in a period of 6 months
4) This will be the last update for this project.
