Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at… Read More approximately 800 sf each with projected rents of $76,800/year the NOI goes to $161,500 and the CAP rate goes to 9.94%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'. Read Less
Property listed by BHHS Drysdale Properties, Rich Krinks 310-259-7556
Listing Snapshot
Days Online
302
Last Updated
Lot Size
0.17 Acres
Year Built
1910
MLS Number
41109306
Additional Details
Building
Built in 1910, Construction Materials: WoodSiding
Cooling
None
Heating
SeeRemarks
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: $80,488
Lot
0.1704 acres, StreetLevel
Parking
8 total parking spaces
Roof
Shingle
Taxes
Parcel Number: 7018144, Zoning: R-4
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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