This 33 Unit multifamily property offers the investor the opportunity to purchase a rarely available waterfront property with views of San Francisco Bay. The property is located on the West End of Alameda on the waterfront. The property lends itself well to repositioning: Rents are below market, the units could be further renovated, and the exterior façade and inner courtyard could be improved upon. These changes will enable the investor to increase rents to market level and keep pace with the rising rental rates for the City of Alameda. (See Rental Trends in this document.) The property is known as Bayview Apartments . It has since been converted to an apartment building with 33 units consisting of four (4) 2 bed / 1 bath units (~580 SF) and twenty-nine (29) 1 bed / 1 bath units (~400 SF). Twelve of the units have balconies overlooking The San Francisco Bay. More than twenty-three of the units have been partially renovated with granite counter tops and laminate floors. With additional renovations these could be raised to market level.
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Open House Thursday 7/23 - bet. 4:00pm -5:30 pm. No other showings. Offers are due by Monday, July 27th by 5:00 pm. Very LARGE Colonial Revival-Brown Shingle Building, built in 1907 on a corner lot.. Per Public Record the building is 6757sf and the lot is 9370sf. This is a double lot with a carriage house. New roof 2013. Pre-Escrow (#1500088) with Varsen/Fidelity National Title-Alameda Office