986 Kains Ave - Apartments FOR SALE


Albany, CA 94706
$2,350,000 USD
510-414-5354
986 Kains Ave, Albany, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/28
null | 4.45% Cap Rate

986 Kains Ave
Albany, CA 94706


OVERVIEW

Bay's Elite Investments presents a unique investment opportunity at 986 Kains Ave, Albany, featuring a single-family home and a fourplex in a prime location. ? The property includes a 1500 sqft 4 bed, 2 bath single-family home and 4 additional units (three 2 bed, 1 bath apartments and one 1 bed, 1 bath unit). ? Located between Marin and Solano Avenues, it boasts a Walkscore of 96 and a Bikescore of 98, ideal for an active lifestyle. ? The single-family home features wood veneers, beamed ceilings, a large master bedroom, modern kitchen, and hardwood floors. ? The fourplex units are approximately 900 sqft for the 2/1s and 750 sqft for the 1/1, all upgraded with new kitchens and bathrooms. ? Investment Highlights and Location Benefits The property offers strong investment potential due to its desirable location and amenities. ? Situated in the Solano Hill neighborhood, it is close to shops, restaurants, and reputable Albany schools. ? The property is a 20-minute commute to Downtown San Francisco and has onsite parking for two vehicles. Residents can enjoy a private backyard for the single-family home and a communal area for the fourplex. ? Onsite laundry facilities enhance rental appeal, with the single-family home having its own washer and dryer. ? Financial and Investment Advantages The property presents strong financial fundamentals for both investors and first-time homebuyers. ? Valued at 15.5 times gross rents and approximately $515 per square foot, it offers a solid cash-flow asset. ? Albany is home to top-rated schools, with Albany High School having a graduation rate of 92.1%. ? The property allows homeowners to supplement their mortgage with rental income from the fourplex, making it more affordable. ? Historical Context of Albany Albany has a rich history that contributes to its current appeal and community character. ? Originally inhabited by the Costanoans tribe, Albany's development began with Spanish land grants in the 19th century. The city was incorporated in 1908, initially named Ocean View, and later renamed Albany in 1909. ? Albany's growth was influenced by events such as the San Francisco earthquake in 1906 and the establishment of housing projects during World War II. Confidentiality and Disclaimer Notice The marketing materials contain proprietary information intended for preliminary evaluation of the property. ? The information is unverified and should not be considered factual without thorough investigation. Prospective buyers are responsible for verifying all details and any associated costs incurred during the evaluation process.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

5

PRICE/UNIT

$470,000

CAP RATE

4.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-3

APN/PARCEL ID

065-2661-026-00

ASK ABOUT THIS PROPERTY

Pedram KarbassiBay's Elite Investments, Inc.More Info
510-414-5354

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Pedram KarbassiBay's Elite Investments, Inc.More Info
510-414-5354

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