1520 Willow St - Apartments FOR SALE


Alameda, CA 94501- Downtown Alameda
$1,890,000 USD
510-835-8888
1520 Willow St, Alameda, CA for Sale
$1,890,000 USD
Apartments - FOR SALE
1/9
null | 6% Cap Rate

1520 Willow St
Alameda, CA 94501
Downtown Alameda


HIGHLIGHTS

  • Great Location. Walking distance to school.

OVERVIEW

Triplex in the front building and Duplex in the rear building. Great for owner/user plus income producing for other units. 1518A approx. 1000sf $2753, 2plus bedrooms, 2 baths in rear duplex upper unit. 1518B approx. 1000sf $2885, 2plus bedrooms, 2baths in rear duplex lower unit. 1520A approx. 1300sf proforma $3800, vacant for an owner/user in front building, lower rear unit. 1520B approx. 800sf $2324, in front building, upper and lower unit. (may be 800sf, to be verified) 1520C approx. 800sf $2600, vacant, market rent in front building upper rear unit. (may be 600sf, to be verified) Buyer to verify exact sq. ft. prior to enter into contract. Front building is a triplex Victorian Style consists of 1520A, an approx. 1300 sf, 3 bedrooms, 2 baths, $3800 proforma 1520B, an approx. 800 sf, 2 bedrooms, 1 bath, $2324 1520C, an approx. 800 sf, 2 bedrooms, 1 bath, $2600 proforma Rear building is a duplex Contemporary consists of 1518A, an approx. 1000 sf, 2 bedrooms, 1 bath, $2753 1518B, an approx. 1000 sf, 2 bedrooms, 1 bath, $2885 Total gross income proforma $172,344. Total gross expenses 35% proforma $60,320. Total Net Operating Income $112,000. at 6% CAP rate return

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

5

PRICE/UNIT

$378,000

CAP RATE

6%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alameda Triplex and Duplex 6% CAP rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R5, Alameda

APN/PARCEL ID

071-0234-027-00

ASK ABOUT THIS PROPERTY

Bonnie ChuiB.C. RealtyMore Info
510-835-8888

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Bonnie ChuiB.C. RealtyMore Info
510-835-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.