Built in 1925 in the vibrant Webster Street District, this exceptional (5) five-unit apartment building in Alameda's vibrant West End neighborhood. The property consists of a mix of (5) Five (1) one bedroom and (1) one bath units with access to a common area laundry. Each unit is separately metered for gas and electric. There are 7 parking spaces in the open area at the rear of the building. The building is 100% occupied with strong rents at market. The operating expenses for this building are low at 31% of Income. Convenient access to public transit by bus, Alameda Ferry and Freeway. Webster Street retail corridor is located within one mile, providing convenient access to shopping and services. The Webster Tube is within 1 mile, providing access to downtown Oakland and area freeways The property has been professionally managed since 2020 by local property Management Company. Upgrades to the property in last 5 years in excess of $65K include new plumbing pipes, new water main, and interior upgrades. Disclosure package includes financials, leases, inspections of Structural, Roof, Termite, and Sewer lateral.
