1543 Sherman St, ALAMEDA

$1,399,000

0 Bed
0 Bath
6,142 Sqft
.14 Acre
0 Garage

Invest for Equity Growth. Pro forma Return of Equity of 17.76% when renovated and ADU added. 1890 Italianate Victorian Duplex +PLUS+ space for a 1,200 sq ft ADU, or 2 new units, on large lot in central Alameda. 3br 1ba each level. Near commute lines. Cosmetic fixer. Vacant. It can be occupied immediately while generating revenue during planning for ADU and/or renovation. To envision the future use before/after comparison to next door sister duplex at 1547 Sherman renovated in 2013. Single TEU cargo shipping container included. Buyer to cooperate in 1031 Tax Deferred Exchange. ** City of Alameda Planning R2-4 zoning. Seller has source for modular ADU as low as $260/sf.

Essential Information
MLS® #40962898
Price$1,399,000
Square Footage6,142
Acres0.14
Year Built1895
TypeResidential Income
Sub-TypeDUPLEX
StatusActive
Community Information
Address1543 Sherman St
AreaAlameda Map Area 3
CityALAMEDA
CountyAlameda
StateCA
Zip Code94501
Amenities
FeaturesNone
Parking Spaces4
Parking

Parking Area, No Garage, Unassigned

Interior
HeatingBaseboard
CoolingNo Air Conditioning
FireplaceYes
BasementNone
Exterior
ExteriorWood Siding, Lap
Lot DescriptionLevel, Regular, Partial Fence
Roof

Composition Shingles, Rolled Composition

Additional Information
Date ListedAugust 12th, 2021
ZoningR4
Listing Details
AgentKirk Knight
OfficeCompass
Property History
Status Changed from New to Active
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Listing information last updated on September 17th, 2021 at 4:31am CDT.