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89 Maitland Dr
Alameda, CA 94502
Multifamily Property For Sale
·
20 Units
Investment Highlights
- 20-Unit Apartment complex available on Bay Farm Island in Alameda
- In-Place 4.93% CAP Rate & 12.56 GRM – 6.31% Market CAP on cost
- On-site coin-op laundry facility, storage room, and outdoor space for tenant use
- (6) VACANT Units & (7) Sec 8 creating an attainable path to value
- Unit views over the Corica Park Golf Course
- More than 1:1 parking on a low-density lot
Property Facts
| No. Units | 20 | Lot Size | 0.36 AC |
| Property Type | Multifamily | Building Size | 11,400 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 2.15/1,000 SF |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 11,400 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.15/1,000 SF |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 550 |
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 074-1035-079-03 | Improvements Assessment | $216,333 |
| Land Assessment | $326,904 | Total Assessment | $554,447 |
Property Taxes
Parcel Number
074-1035-079-03
Land Assessment
$326,904
Improvements Assessment
$216,333
Total Assessment
$554,447
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