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Browse More Listings in Multifamily For Sale, Alameda, CA or California

Multifamily Property For Sale

2267 Clinton Alameda 8units Easy Commute to SF

2267 Clinton, Alameda, CA 94501

Price:
$1,425,000
No. Units:
8
Building Size:
5,348 SF
Price/Unit:
$178,125
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Occupancy:
100%
Year Built:
1900
Lot Size:
5,966 SF
Tax ID / APN #:
071021300600
Find Out More...

Last Verified 10/2/2009 Listing ID 15072219

Highlights

Central Alameda
Great rental area
Good unit mix

Systems updated
Good income
Wise investment

Description

Beautiful 8 units--All rented. 1 large two bdrm, 4 one bdrms, 3 studios Roof in '02, foundation 1999-2000, updated electrical, new sewer, sep. meters, laundry room, 2 car garage. Tastefully painted halls, attractive, durable hall carpet. Most apartments have updated kitchens with granite counters. Architectural details include: moldings, skylights. Top floor apt is a large one bdrm -with several skylights. Bottom floor two bdrm is large with tiled kitchen floor, eat-in kitchen, and patio. There's also a back patio and a side yard. Front yard is landscaped and sprinklered. All rented month to month. Current income is $102,060. Projected income is over $114,600. Shown only by appointment with listing agent. Seller may carry some.

Projected rent: $114,600. Located in highly desirable rental area: central Alameda, one block from Park Street restaurants and shopping. A few blocks from the beach (see the SF skyline) and shopping center. Alameda is in the center of the SF bay area--easy commute by 880, BART, or ferry. Great location.
Rental upside. BRING YOUR OFFER

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2008
Scheduled Gross Income
$102,060
Effective Gross Income
$102,960
Operating Expenses
$16,011
Net Operating Income
$88,629

Description	No. Units	Avg. Mo. Rent
studios	3	$821
1bd/1ba	4	$1,168
2bd/1ba	1	$1,445

Map of 2267 Clinton, Alameda, CA 94501 (Alameda County)

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Created 4/2/2007

Additional Information for 2267 Clinton Avenue, Alameda, CA 94501

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 2267 Clinton Alameda 8units Easy Commute to SF

2267 Clinton, Alameda, CA, 94501