1131 Park Ave

Description

Alameda’s 1131 Park Avenue is a dream for investors seeking an owner-occupy multifamily. Located in the buzzworthy Park Street District, this charming Victorian-style property features 1BR/1BA units and one 2BR/1BA unit. Onsite laundry is available, as is onsite parking. One of the 1BR units will be delivered vacant, allowing the buyer to occupy or handpick their own tenant. With a gross potential income of $12,316 per month, PITI should be covered with a 20% down payment. Tenants will love all this location offers, including dining (Burma Superstar, Speisekammer), retail (Safeway, Trader Joe’s), nearby parks (Chochenyo, Alameda Beach), and great schools (Frank Otis Elementary, Lincoln Middle, Alameda High). This is a rare chance to own a beautiful property in one of Alameda’s most vibrant neighborhoods.

Listing information courtesy of: Joey Wang, Keller Williams Realty 510-592-4244. *Based on information from the Association of REALTORS/Multiple Listing as of 11/26/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.