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$ 1,499,000
Est. payment | /mo
9,112 Sqft Lot
$ 1,499,000
Est. payment | /mo
9,112 Sqft Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML82052096
HOA Y/N No
Year Built 1965
Annual Tax Amount $18,738
Lot Size 9,112 Sqft
Property Description
Trustee sale. Rare opportunity to acquire a six-unit multifamily property in Newark featuring six 2-bedroom, 1-bath units totaling approximately 4,392 square feet. Property currently consists of four occupied units, including three Section 8 tenancies, and two vacant units offering immediate lease-up and upside potential. Attractive pricing reflects extremely limited historical documentation and creates a strong value-add opportunity. Seller has limited records regarding tenancy, leases, rents, expenses, maintenance history, and operations. Certain rent figures remain unverified. Operating expenses are unknown and any expense figures referenced are based on projected industry estimates only. Physical condition of the property is unknown. Information provided is believed reliable but not guaranteed. Buyer to independently verify all information. Property sold strictly as-is.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RM
Interior
Fireplace No
Exterior
Carport Spaces 6
Roof Type Other
Building
Water Public
Schools
School District Other
Others
Tax ID 092005000625
Special Listing Condition Standard
Listed by Jim Holt Elevate Group #01728682
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