986 Kains Ave 5 Unit Apartment Building $2,350,000 ($470,000/Unit) 4.45% Cap Rate Albany, CA 94706

Bay's Elite Investments presents a unique investment opportunity at 986 Kains Ave, Albany, featuring a single-family home and a fourplex in a prime location. ?
The property includes a 1500 sqft 4 bed, 2 bath single-family home and 4 additional units (three 2 bed, 1 bath apartments and one 1 bed, 1 bath unit). ?
Located between Marin and Solano Avenues, it boasts a Walkscore of 96 and a Bikescore of 98, ideal for an active lifestyle. ?
The single-family home features wood veneers, beamed ceilings, a large master bedroom, modern kitchen, and hardwood floors. ?
The fourplex units are approximately 900 sqft for the 2/1s and 750 sqft for the 1/1, all upgraded with new kitchens and bathrooms. ?
Investment Highlights and Location Benefits
The property offers strong investment potential due to its desirable location and amenities. ?
Situated in the Solano Hill neighborhood, it is close to shops, restaurants, and reputable Albany schools. ?
The property is a 20-minute commute to Downtown San Francisco and has onsite parking for two vehicles.
Residents can enjoy a private backyard for the single-family home and a communal area for the fourplex. ?
Onsite laundry facilities enhance rental appeal, with the single-family home having its own washer and dryer. ?
Financial and Investment Advantages
The property presents strong financial fundamentals for both investors and first-time homebuyers. ?
Valued at 15.5 times gross rents and approximately $515 per square foot, it offers a solid cash-flow asset. ?
Albany is home to top-rated schools, with Albany High School having a graduation rate of 92.1%. ?
The property allows homeowners to supplement their mortgage with rental income from the fourplex, making it more affordable. ?
Historical Context of Albany
Albany has a rich history that contributes to its current appeal and community character. ?
Originally inhabited by the Costanoans tribe, Albany's development began with Spanish land grants in the 19th century.
The city was incorporated in 1908, initially named Ocean View, and later renamed Albany in 1909. ?
Albany's growth was influenced by events such as the San Francisco earthquake in 1906 and the establishment of housing projects during World War II.
Confidentiality and Disclaimer Notice
The marketing materials contain proprietary information intended for preliminary evaluation of the property. ?
The information is unverified and should not be considered factual without thorough investigation.
Prospective buyers are responsible for verifying all details and any associated costs incurred during the evaluation process.