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JLee Broker

[email protected] +1(650) 857-1000

Listed by Jim Holt, DRE #01728682 • Elevate Group

$1,499,000

Est. payment - /mo

2 Beds

1 Bath

4,392 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,392 sqft

Price per Sqft $341

MLS Listing ID ML82052096

Bedrooms 2

Full Baths 1

Year Built 1965

Lot Size 9,112 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 Newark

Zoning RM

Interior

Heating Other

Cooling Other

Exterior

Parking Features Carport

Utilities Available Public Utilities

Roof Type Other

Building

Foundation Other

Sewer Sewer - Public

Water Public

Others

Tax ID 092-0050-006-25

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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6561 Graham AVE Newark, CA 94560

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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