2 Unit Mediterranean Duplex• Desirable duplex construction.• Two, 2 bedroom, 1 bath units.• Washer/dryer in each unit.• Two, 1 car garages.• Fully separate gas and electric meters. Location/Amenities• Easy access to freeway 580 and 880.• Steps away from AC Transit bus stops.• Proximity to Eastmont Mall, Mills College, Oakland Coliseum and more.Interiors• Bright living rooms.• Good kitchen cabinetry.• Warm, entertaining living rooms.• Good closet space.• Great natural light. Building Features• Gorgeous Mediterranean architecture.• Fully separate gas and electric meters.• Lot size approximately 3,900 sq ft.• Building approximately 2,000 sq ft. April 2013 Rent Roll Unit Type Rent2961 68th Avenue 2bd/1ba $1,1952963 68th Avenue 2bd/1ba $1,2502963 68th Avenue Garage $ 30Total rent $2,475 Monthly AnnuallyGross Scheduled Income: $2,475 $29,700 Expenses: Real Estate Taxes (1.5%) $ 373 $ 4,488 Estimated Insurance $ 100 $ 1,200 License and Permits $ 32 $ 377 Garbage $ 170 $ 840 Estimated Maintenance $ 100 $ 1,200 Management (6%) $ 149 $ 1,788Total Expenses: $ 924 $11,088 Net Operating Income: $1,551 $18,612 GRM: 12.6x Projected GRM: 9.95x CAP Rate: 6.2% based on Net Operating Income*Monthly expenses are taken from annual espenses, divided by 12 and rounded off* Information deemed reliable, but not guaranteed
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