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1543 Sherman St

Alameda, CA 94501
  • $1,389,000
  • STATUS: Active
  • ON SITE: 115 Days
  • ID#: 40962898
UPDATED: 18 min ago
$1,389,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,542
    SQFT
  • $546
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:
Area:

School Ratings & Info

School District:

Description

Amazing cosmetic fixer project awaits your touch! Italianate Victorian Duplex 3br 1ba each level. Large lot in central Alameda +PLUS+ potential for 2 new units + ADU, total 5 units Price Improvement! Vacant. Spacious 10 ceilings both levels. It can be occupied immediately while generating revenue during planning for addl units and/or renovation. Estimate to renovate foundation $27k + permits. Ask to see contractor bid. Near commute lines. Pro forma rents $7,200 in current condition. After renovation pro forma rents of $9,000. To envision the future see exterior before/after comparison to next door sister duplex at 1547 Sherman renovated in 2013. City of Alameda Planning R2-4 zoning. Seller has source for cost effective modular ADU. Motivated Seller: Inquire about Seller Financing. Seller is offering $42K+ towards Buyer Closing Costs.

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Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-12-06T11:38:32.18.

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1543 Sherman St Alameda, CA 94501

  • Price: $1,389,000
  • Status: Active
  • On Site: 115 Days
  • Updated: 18 min ago
  • ID#: 40962898
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,542
SQFT
$546
$/SQFT
1895
Built
Neighborhood:
Alameda
County:
Alameda
Area:
Alameda
School District:
Alameda (510) 748-4000
Property Description
Amazing cosmetic fixer project awaits your touch! Italianate Victorian Duplex 3br 1ba each level. Large lot in central Alameda +PLUS+ potential for 2 new units + ADU, total 5 units Price Improvement! Vacant. Spacious 10 ceilings both levels. It can be occupied immediately while generating revenue during planning for addl units and/or renovation. Estimate to renovate foundation $27k + permits. Ask to see contractor bid. Near commute lines. Pro forma rents $7,200 in current condition. After renovation pro forma rents of $9,000. To envision the future see exterior before/after comparison to next door sister duplex at 1547 Sherman renovated in 2013. City of Alameda Planning R2-4 zoning. Seller has source for cost effective modular ADU. Motivated Seller: Inquire about Seller Financing. Seller is offering $42K+ towards Buyer Closing Costs.
Exterior Features

Additional Misc Features None Exterior LapWood Siding Lot Description LevelRegularPartial Fence Parking Description Parking AreaNo GarageUnassigned Parking Spaces Total 4 Parking Spaces Unit1 2 Parking Spaces Unit2 2 Roof Composition ShinglesRolled Composition Yard Description Back Yard

Interior Features

Air Cond Unit1 No Air Cond Unit2 No Apx Sq Ft Unit1 1250 Apx Sq Ft Unit2 1250 Basement None Bathrooms Unit1 1 Bathrooms Unit2 1 Bedrooms Unit1 3 Bedrooms Unit2 3 Cooling No Air Conditioning Fireplace Unit1 Yes Fireplace Unit2 Yes Flooring Wood Heating Baseboard Range Oven Unit1 Yes Range Oven Unit2 Yes Refrigerator Unit1 Yes Refrigerator Unit2 Yes

Property Features

Age 126 Annual Expense Year 0 Annual Gross Fee Income 0 Annual Gross Sched Income 86400 Annual Insurance Expense 0 Annual Maintenance Exp 0 Annual Management Expense 0 Annual Miscellaneous Inc 0 Annual Rental Inc 86400 Annual Taxes 0 Annual Total Oper Exp 0 Annual Utility Expense 0 Annual Vacancy Expense 0 Building Type Duplex City Transfer Tax Yes Disclosures Nat Hazard DisclosureOther - Call/See Agent Equipment Additional Natural Gas Connected Existing Lease Terms None Financial Data Source None Grade School District Alameda (510) 748-4000 Other Annual Expense 0 Point Of Sale Ordinance Yes Possession Coe Rent Unit1 $3500 Rent Unit2 $3700 Source Public Records Special Information None Tenant Pays None Terms Call Listing Agent Total Deposits 0 Water Sewer Sewer System - PrivateWater - Public Zoning R4

Listing courtesy of Kirk Knight of Compass.


Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-12-06T11:38:32.18.

 
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