AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO. Two (2) Charming Victorian-style apartments located on adjacent parcels located in Alamedas highly sought after Bronze Coast neighborhood. Excellent opportunity for value-add investors. Each property boasts five (5) units each: 925 CHESTNUT ST - (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) 2BR/1BA owners… Read More unit delivered vacant & 931 CHESTNUT ST (2) Studio, (2) 1BR/1BA, and (1) 2x1 unit. The owners unit at 925 Chestnut is currently vacant, allowing for immediate lease up at market rents. The portfolio delivers a 6.82% CAP RATE upon immediate lease-up of four (4) vacant units. Additional income potential exists through garage and tandem parking, and implementation of shared laundry for units currently without in-unit washer/dryers. Extensive renovations across some units at 925 & 931 Chestnut include full interior upgrades, new LVP flooring, interior paint, kitchen countertops and cabinetry. Major electrical improvements include brand new main panels, subpanels, and replacement of existing knob-and-tube wiring. Sewer lateral inspection has also been completed. Read Less
Courtesy of Compass, Rachel Ivers 650-576-8294
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
7,715
Lot Size
0.21 Acres
Year Built
1898
MLS Number
ML82048178
30 Days Snapshot Of 94501
$1.08M
0%
(avg) sold price
0
-100%
homes sold
12
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 9344.00, Max Area Units: Square Feet, Lot is 0.21450872359963 acres
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