2617 Central Ave - Apartments FOR SALE
Alameda, CA 94501 |
2617 Central Ave
Alameda, CA 94501
HIGHLIGHTS
- Rare offering on-the market for the first time in 32-years.
- Desirable location one-block south of Broadway and three-blocks south of Park Street.
- 9.52% Market CAP Rate / 8.02 Market GRM. Huge rental upside of 30% on tenant turnover.
- Offered at a fraction of replacement cost to build-- $260,000 / per unit and $355 / per square foot.
- Attractive curb appeal with front garden, and large undeveloped rear open common area with potential to add parking.
- On-site laundry, with current open common area to back, and units individually metered for electricity, with common gas meter paid by landlord.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Prime Location 3-Blocks South of Park Street
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
6592
STORIES
2
YEAR BUILT
1959
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
070-0155-016-00
