1/1 Oakland Condo CASH BUYER ONLY ($78K now) - Must Close in 3 days!
We have the property under contract currently as a short sale for $78K including earnest money ($80K to close) and there is already a higher back-up offer in line.
Location: 4844 Daisy St #B, Oakland, CA 94619
High owner-occupied, low turnover neighborhood between hwys 580 and 13, between the Upper Laurel and Redwood Heights neighborhoods in Oakland (right at the beginning of the Oakland Hills) and minutes from 580 or 13 freeway entrances.
1bdrm/1ba 556 sq ft condo with working washer/dryer in unit.
After Repair Value expected to be $130K, based on price per sq ft in this neighborhood, which averages $363/sq ft. (We have this unit under contract for $126/sq ft). Rental comps in the neighborhood are about $1100/month with in unit laundry.
Expected minor repairs needed ($3K or less):
- replace bathroom window glass
- replace window sash in bedroom window
- replace screen on sliding glass door
- replace living room/kitchen Pergo flooring
- replace stove
- replace or fix garbage disposal
- replace bedroom carpet
- replace 2 small window blinds
- replace missing slats on bedroom vertical blinds
- general cleaning
- frig may need replacement if can't be cleaned thoroughly
- upgrades to consider for highest market value: granite countertops, replace front and back door, add molding, new paint, upgrade window fixtures and windows, upgrade flooring, add recessed lighting
Available upon request:
Completed Professional Home Inspection
Researched rental and sale comps
Prelim report
Latest HUD1
All HOA disclosures and docs
Because of bank rules governing the short sale, we will not be able to transfer title into your name for 3 months after closing. Buyer will have full access to rehab and ability to market the unit to end renters/buyers, and will be under a lease option contract during these 3 months with monthly lease to cover $150/mo HOA, monthly taxes, and utilities only. We would sign a promissory note with you for 0% interest for $78K for 3 months. At the end of the 3 months, you would cash us out for $85K, allowing us to pay back your $78K, recoup our earnest money of $2K+, and $5K profit. If you have another creative way to structure this deal, please feel free to contact us and let's talk.
We have the property under contract currently as a short sale for $78K including earnest money ($80K to close) and there is already a higher back-up offer in line.
Location: 4844 Daisy St #B, Oakland, CA 94619
High owner-occupied, low turnover neighborhood between hwys 580 and 13, between the Upper Laurel and Redwood Heights neighborhoods in Oakland (right at the beginning of the Oakland Hills) and minutes from 580 or 13 freeway entrances.
1bdrm/1ba 556 sq ft condo with working washer/dryer in unit.
After Repair Value expected to be $130K, based on price per sq ft in this neighborhood, which averages $363/sq ft. (We have this unit under contract for $126/sq ft). Rental comps in the neighborhood are about $1100/month with in unit laundry.
Expected minor repairs needed ($3K or less):
- replace bathroom window glass
- replace window sash in bedroom window
- replace screen on sliding glass door
- replace living room/kitchen Pergo flooring
- replace stove
- replace or fix garbage disposal
- replace bedroom carpet
- replace 2 small window blinds
- replace missing slats on bedroom vertical blinds
- general cleaning
- frig may need replacement if can't be cleaned thoroughly
- upgrades to consider for highest market value: granite countertops, replace front and back door, add molding, new paint, upgrade window fixtures and windows, upgrade flooring, add recessed lighting
Available upon request:
Completed Professional Home Inspection
Researched rental and sale comps
Prelim report
Latest HUD1
All HOA disclosures and docs
Because of bank rules governing the short sale, we will not be able to transfer title into your name for 3 months after closing. Buyer will have full access to rehab and ability to market the unit to end renters/buyers, and will be under a lease option contract during these 3 months with monthly lease to cover $150/mo HOA, monthly taxes, and utilities only. We would sign a promissory note with you for 0% interest for $78K for 3 months. At the end of the 3 months, you would cash us out for $85K, allowing us to pay back your $78K, recoup our earnest money of $2K+, and $5K profit. If you have another creative way to structure this deal, please feel free to contact us and let's talk.