Invest for Equity Growth. Pro forma Return of Equity of 17.76% when renovated and ADU added. 1890 Italianate Victorian Duplex +PLUS+ space for a 1,200 sq ft ADU, or 2 new units, on large lot in central Alameda. 3br 1ba each level. Near commute lines. Cosmetic fixer. Vacant. It can be occupied immediately while generating revenue during planning for ADU and/or renovation. To envision the future use before/after comparison to next door sister duplex at 1547 Sherman renovated in 2013. Single TEU cargo shipping container included. Buyer to cooperate in 1031 Tax Deferred Exchange. ** City of Alameda Planning R2-4 zoning. Seller has source for modular ADU as low as $260/sf.
Thoughts about this property? Write them down for quick reference the next time you view this property.