Equity Growth with Impressive ROI - Pro forma Return on Equity of 21.2% with ADU. Renovated Duplex +PLUS+ land for 1,200 sq ft ADU, or 2 units, on large lot in central Alameda. 1895 Italianate Victorian thoroughly renovated in 2013. Currently vacant. 2 units each 4br 2ba. Laundry in each unit. 10+ ft ceilings. Separate meters per unit Rental income immediately while planning for ADU. Convenient commute choices. . Buyer to cooperate in 1031 Tax Deferred Exchange. ** City of Alameda Planning R2-4 zoning for ADU. Seller has source for cost-effective modular ADU construction as low as $260/sf.
|Last Updated||8/19/2021||Year Built||1895|
|Community||Alameda Map Area 3||County||Alameda|
|AIR||Ceiling Fan(s), No Air Conditioning|
|AREA||Alameda Map Area 3|
|CONSTRUCTION||Siding - Cement, Wood Siding|
|EXTERIOR||Back Yard, Partial Fence|
|HEAT||Forced Air 1 Zone, Gas|
|LOT||5663 sq ft|
|LOT DESCRIPTION||Level, Regular|
|PARKING||Off Street Parking,Parking Area|
|SEWER||Sewer System - Public|
|WATER||Sewer System - Public,Water - Public,Meter on Site|
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