5201 Congress Ave
Property Description
Set in East Oakland's established Fairfax neighborhood, 5201 Congress Ave is a fully leased 1920 fourplex built to earn its keep year after year. With every unit tenant-occupied on month-to-month terms, investors step into in-place income from day one. The building holds two 1-bed/1-bath & two 2-bed/1-bath units, each with its own address, plus a 2-car attached garage, an assigned parking space for every unit & storage on site. The corner lot & off-street parking help set this building apart from many older multifamily properties in the area, where on-site parking can be hard to come by. All 4 units have been updated over the years, so the building is ready to keep performing today while still leaving room for a new owner to add value. Inside, each unit lives simply & efficiently, with gas ranges, ceiling fans, double-pane windows & wall furnaces keeping things comfortable. Horace Mann Elementary sits right across Ygnacio Ave, & Foothill Blvd shopping, Fruitvale & Coliseum BART, I-580 & I-880 are all within about 2 mi for easy commutes. Whether you're adding to a growing portfolio or making your first move into multifamily, this is the kind of steady, low-drama asset that rewards a long-term hold. Come see it in person & discover how well 5201 Congress could work for you & your investment goals.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $749,000 |
| Year Built: | 1920 |
| Lot Size: | 3,031.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 0 |
ID: 3yd-BMLSCA-41153024
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