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.
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Listing information last updated on September 17th, 2021 at 4:31am CDT.