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Marilyn Schumacher
Marilyn Schumacher
Fusion Real Estate Network
Alameda, CA 94501

510-908-9021
Contact Me
CA BRE#00904530

Contact Me





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Listing 11 out of 85
$2,999,000 For Sale

2100 Pacific Ave
Alameda, CA 94501

8 units | Multi Family Home
9583 sq ft - MLS# 40841684 Courtesy of Exp Realty Of California Inc., Stephen Harper
Property Photo
1/28

Description

Property consists of one Tri-Plex and adorable five cottages totaling 8 units. This property has been highly maintained and well managed giving a new owner a wonderful opportunity to acquire this "Turn Key" Alameda "little community". Incredibly rare investment property in Alameda: 8 units - a Triplex building with an additional FIVE individual one bed one bath cottages on the same parcel. All cottages have been beautifully remodeled with granite countertops and updated interiors except for one cottage. Triplex units are very large and consist of: Two 1 Bed 1 Bath units, One 2 Bed 2 Bath Unit. All units well under market rents and all tenants on month to month leases. Gross Existing Income: $164,359 Current Net Income: $121,626 PROFORMA Gross Income: $216,600 This property is an incredibly rare opportunity to own one of the highest demand rental types.

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94501
  • Year Built: 1940
  • Age: 78
  • Sq.Ft.: 8,804 sq ft
  • Units: 8 units
  • Basement: Apt In Basement, Finished, Storage Area
  • # of Parking Spaces: 10
  • Lot Size: 9583 sq ft
  • Addtl Features Misc.: Extra Storage
  • Annual Vacancy: 5
  • Apx Lot Sq Ft: 9570
  • Cap Rate: 3.97
  • Equipment Additional: Dryer, Washer, Water Heater Gas
  • Exterior: Stucco
  • Flooring: Hardwood Floors, Tile
  • Gross Income: $164,880
  • Heating: Wall Furnace
  • Laundry: Coin Operated, Common Room, Laundry Equip - Owned
  • Lot Description: Regular
  • Net Oper Income: $115,416
  • On-Site Parking Desc: Detached Garage, Parking Area, Space Per Unit - 1
  • Operating Expenses: Electric, Gas, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Vacancy Factor, Water
  • Roof: Composition Shingles
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Tot Ann Oper Exp: 49464
  • Unit # 1 # Of Bathrooms: 2
  • Unit # 1 # Of Bedrooms: 2
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 1
  • Unit # 3 # Of Bathrooms: 1
  • Unit # 3 # Of Bedrooms: 1
  • Unit # 4 # Of Bathrooms: 1
  • Unit # 4 # Of Bedrooms: 1
  • Unit 1 # Units This Type?: 1
  • Unit 2 # Units This Type?: 1
  • Unit 3 # Units This Type?: 1
  • Unit 4 # Units This Type?: 5
  • Water/Sewer: Water - Public
Courtesy of Exp Realty Of California Inc., Stephen Harper


510-908-9021 | Contact Me
Alameda, CA 94501
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