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Listed by Jim Holt • Elevate Group, DRE#01728682
$ 1,499,000
Est. payment | /mo
2 Beds
1 Bath
4,392 SqFt
$ 1,499,000
Est. payment | /mo
2 Beds
1 Bath
4,392 SqFt
Key Details
Property Type 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
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
Restrictions None
Tax ID 092-0050-006-25
Security Features Other
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896