517 Stannage Ave - Apartments FOR SALE


Albany, CA 94706
$1,595,000 USD
415-710-7284
517 Stannage Ave, Albany, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/27
null | 5.59% Cap Rate

517 Stannage Ave
Albany, CA 94706


HIGHLIGHTS

  • Fantastic Albany Location
  • Beautiful Owner’s Unit Vacant for Move-In
  • Albany School District

OVERVIEW

Built in 1963, the 517 Stannage Avenue Apartments consist of Four (4) units in a two-story walkup apartment building. The building is built of wood frame construction with a stucco exterior. The apartment building contains approximately 3,452 square feet of gross building area set on a 5,151 square foot lot. The property has been well-maintained, showcasing the solid architectural bones of its era while serving as a reliable asset in a low-vacancy submarket. The property features a total of Four (4) two bedroom / one bath units estimated at 863 square feet each. A majority of the units have been substantially remodeled and feature kitchen upgrades such as granite countertops, new cabinetry, new appliances and designer light fixtures. The units feature beautiful hardwood flooring through much of the apartment while bedrooms are carpeted. Bathrooms contain small vanities, tiled floors, wall-mounted cabinets and bathtubs with surrounds. The 517 Stannage Avenue Apartments offer investors the opportunity to acquire a well-maintained, well-situated property with zero deferred maintenance in the highly desirable City of Albany. With a two-bedroom unit being kept vacant as a potential owner’s unit, this asset will attract not only investors but also owner users. Located approx. one-half mile from El Cerrito BART and just three blocks from Solano Ave, this property will attract students and young professionals alike.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

4

PRICE/UNIT

$398,750

CAP RATE

5.59%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,151 SF

ZONING

R3, Albany

APN/PARCEL ID

067-2824-023-00

ASK ABOUT THIS PROPERTY

Nathaniel ReinkeKW Advisors East BayMore Info
415-710-7284

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Nathaniel ReinkeKW Advisors East BayMore Info
415-710-7284

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