Property Details
About this Property
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 approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 6.13%. 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'.
MLS Listing Information
MLS #
BE41071227
MLS Source
Bay East
Days on Site
85
Interior Features
Flooring
Carpet - Partial, Linoleum
Cooling
None
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Parking Area, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
None
Zoning
R-4
954 Park St is a Residential Income in Alameda, CA 94501. This 4,104 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,324,800 and was built in 1910. This address can also be written as 954 Park St, Alameda, CA 94501.
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This listing information is up-to-date as of October 17, 2024. For the most current information, please contact Rich Krinks, (510) 381-3434
