Oakland Short Sale Just Listed | 5420 Ruth Ave Oakland
Oakland short sale just listed by the Oakland short sale experts at East Bay Short Sale Group. This property is a single family residence located at 5420 Ruth Avenue. This is located not too far off 55th Avenue, in a very nice and quaint neighborhood. This is a smaller home that needs a lot of work, including overhaul of cosmetic items and possibly structural issues. This is going to be an investor special. 2-bedroom, 1-bath, 1020 square feet. Based on the condition of this Oakland short sale, we will require cash only offers since banks will not finance a property in this condition.
This home, if it was completely renovated, would probably sell in the range of $260,000 to $280,000. Offers for this Oakland short sale will obviously be based on the condition of the home and the amount of work needed. There was a tenant who lived in here. Property has a lot of work that needs to be done, so again cash investors only. Great flip opportunity, but this is a good opportunity purchase this property at a big discount, flip it, and be able to put it back on the market and make a real nice return. The two short sale lenders on this are Bank of America. Once we have the final short sale package to the lenders it should take 30-45 days for an approval.
To learn more about how to sell your home as an Oakland short sale, or if you live in any other city in the East Bay, contact us directly at 925-567-6720 or email us for an appt for a free consultation.\
Oakland Short Sale Just Listed | 5420 Ruth Ave Oakland
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