954 Park St
Alameda, CA, 94501
$2,324,800
Beds
0 Baths
SqFt
0.17 Acres
Add
Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 6.13%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller’s broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50′ x 54′.

Property Details

Price:
$2,324,800
MLS #:
41071227
Status:
Active
Baths:
0
Address:
954 Park St
Type:
Residential Income
City:
Alameda
Listed Date:
Aug 28, 2024
State:
CA
ZIP:
94501
Lot Size:
7,421 sqft / 0.17 acres (approx)
Year Built:
1910
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
None
Heating
See Remarks

Exterior

Lot Features
Level with Street
Parking Spots
8.00
Roof
Shingle

Financial

Association Fee
0.00
Tenant Pays
Gas

Map

Community

Similar Listings Nearby

954 Park St
Alameda, CA