1516 Sherman St. 1516 Sherman St

UPDATE: Seller financing a possibility, with desired terms of 27-30% down, 5.75% amortized over 30 years, due in 10.
Spacious centrally located 5-unit property with multiple vacancies brimming with style and opportunity. Vacant detached 2-bed, 1-bath cottage in back with quad in front, offering two 1-bed units and two 2-bed units, the larger of which was updated in 2021 with new waterproof laminate flooring, kitchen countertops, cabinets, and gas stove. Ground floor vacant 1BR is ADA accessible. Cottage features an open floor plan with central heating and AC, crown moldings, large dining room, newer kitchen with electric washer and dryer under solid countertops, dishwasher, gas stove and recessed lighting. Carpeted bedrooms are quiet and serene as the entire home is set far back from the street. Bath redone beautifully in 2010. Garden room opens onto the private back patio and converted garage offers bonus workspace. Entire building recently rewired to 400 amp service and new exterior paint throughout. Wall furnaces in all four units. Separately metered for gas and electric. One off-street parking space for each unit. Sewer compliant. Located near up-and-coming commercial area with new Savoy Market as well as multiple bus lines, and close to West End business district, parks, schools, ferry, and all that Alameda has to offer. Don't miss this one!