Description
Seller’s Cap Rate 7.5% by May 2025. This unique 3-unit mixed use property is located in the heart of City of Alameda w/ an excellent walkability and exuberant vibes. Steps to Grand Street where is a showpiece of elegant architectural styles. The property is a true gem in between the choicest and prettiest residence district and the vibrant commercial district. Professionally managed/ tenant fully occupied building with a rental income at $124,285/ year. Unit 1707: SAGA Kitchen, 2,460 sqft. Unit 1707B: Residential 3bd, 2bathrooms, 1,397 sqft. Unit 1709: SAGA Kitchen, 743 sqft. All units are in great conditions. All tenants pay their utilities. Ample storage areas in Attic and Basement. Private 2-car Driveway Parking. Great and happy Tenants! Offers due by 5:00 PM on June 30, Monday.
Address
Open on Google Maps- Address 1707 Lincoln Ave
- City Alameda
- State/county CA
- Zip/Postal Code 94501
Details
Updated on June 23, 2025 at 12:46 am- Property ID: 41095418
- Price: $1,380,000
- Land Area: 0.1047 Acres
- Garage Size: x x
- Year Built: 1900
- Property Type: Residential Income
- Property Status: Active
