This Multifamily Property is no longer advertised on LoopNet.com.
537 Pacific Ave
$125K PRICE IMPROVEMENTS | 6 Turnkey Units · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
6-Unit Turnkey Investment property Located in West Alameda, One Block From Webster Street, The Main Commercial Corridor for Alameda
No Long-Term Tenants - All Units Have Had Move-Ins Within The Last 3 Years
Potential Opportunity to Increase Th Unit Count Through The Addition of a Detached ADU or ADU Conversion
3 Units Have Been Extensively Upgraded With Contemporary Finishes & The Remaining 3 Units Have Undergone Light Renovations
All Units Are Individually Metered For Water, Gas & Electric Leaving Minimal Operating Expenses For the Owner to Pay For
Seismic Retrofit Completed, Automatic Emergency Gas Shutoff Devices Installed, New Exterior Paint, New Wooden Fence, New Landscaping
PROPERTY FACTS
No. Units
6
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low Rise
Building Class
C
Lot Size
0.17 AC
Building Size
4,522 SF
Average Occupancy
100%
No. Stories
2
Year Built
1962
Parking Ratio
1.33/1,000 SF
UNIT AMENITIES
Dishwasher Disposal Microwave Washer/Dryer
Heating Kitchen Granite Countertops Hardwood Floors
Refrigerator Oven Stainless Steel Appliances Range
Tub/Shower Carpet Freezer Linen Closet
SITE AMENITIES
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
5
-
700
2+2
1
-
1,020
PROPERTY TAXES
Parcel Number
074-0436-007-00
Improvements Assessment
$1,442,000
Land Assessment
$600,000
Total Assessment
$2,042,000
