1547 Sherman St, ALAMEDA

$1,899,000

0 Bed
0 Bath
5,540 Sqft
.13 Acre
0 Garage

Equity Growth with Impressive ROI - Pro forma Return on Equity of 21.2% with ADU. Renovated Duplex +PLUS+ land for 1,200 sq ft ADU, or 2 units, on large lot in central Alameda. 1895 Italianate Victorian thoroughly renovated in 2013. Currently vacant. 2 units each 4br 2ba. Laundry in each unit. 10+ ft ceilings. Separate meters per unit Rental income immediately while planning for ADU. Convenient commute choices. . Buyer to cooperate in 1031 Tax Deferred Exchange. ** City of Alameda Planning R2-4 zoning for ADU. Seller has source for cost-effective modular ADU construction as low as $260/sf.

Essential Information
MLS® #40962938
Price$1,899,000
Square Footage5,540
Acres0.13
Year Built1895
TypeResidential Income
Sub-TypeDUPLEX
StatusActive
Community Information
Address1547 Sherman St
AreaAlameda Map Area 3
CityALAMEDA
CountyAlameda
StateCA
Zip Code94501
Amenities
Parking Spaces4
Features

None, Shower Stall(s), Tub w/Shower Over

Parking

Off Street Parking, Parking Area

Interior
HeatingGas, Forced Air 1 Zone
BasementNone
Cooling

No Air Conditioning, Ceiling Fan(s)

Exterior
ExteriorWood Siding, Siding - Cement
Lot DescriptionLevel, Regular
RoofRolled 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.