apartment is sold

400 Marion Court, Alameda, 94501.

20 Charming Cottages in Alameda

The Marion Court Cottages (“The Cottages”) consist of 20 unique classic cottages, on a private cul-de-sac, that were built in 1920. The Cottages are comprised of Eighteen, 1 Bedroom/1 Bath units and Two, 2 Bedroom/1 bath units.

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The Marion Court Cottages (“The Cottages”) consist of 20 unique classic cottages, on a private cul-de-sac, that were built in 1920. The Cottages are comprised of Eighteen, 1 Bedroom/1 Bath units and Two, 2 Bedroom/1 bath units. The exteriors of The Cottages include private backyards, which are ideal for tenants with dogs, and some of the backyards have storage rooms. The interiors of The Cottages include hardwood floors, with some recent updates, such as double paned windows, granite counters, and tile bathrooms on a number of units. Two units have received significant renovations recently that have yielded $200 to $220 per month rent increases over other recent rentals, these renovations can serve as verification of new market rent levels with the upgraded unit specifications. Tenants pay for all of their own utilities; water, garbage, electricity and heat. A purchaser may be able to convert to TICs or Condos, check with the City for any limitations. The Cottages are located in a residential neighborhood and are close to schools and public transit on the West Side of Alameda. The City of Alameda neighbors Oakland and is a short distance from San Francisco. Alameda’s shoreline has some of the best views in the entire Bay Area of San Francisco, the San Francisco Bay and the Bay Bridge. Alameda is known for its quaint, main street –nostalgic feel-, with small shops, restaurants, and historic landmarks.   

PROPERTY INFORMATION
APN: 
074-0448-032
Square Footage: 
12,579
Lot Size: 
43500.00
Year Built: 
1920

FINANCIAL SUMMARY
Price: 
$4,100,000
Down Payment: 
Loan Payment: 
N/A
Cash on Cash Estimate: 
N/A
Pro-Forma Cash Flow Est: 
N/A
Price Per Unit: 
N/A

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