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Listed by Nathaniel Reinke • KW Advisors East Bay
$1,595,000
Est. payment /mo
3,452 SqFt
Open House
Sun May 10, 2:00pm - 4:00pm
Sun May 17, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,452 sqft
Price per Sqft $462
Subdivision Albany
MLS Listing ID 41133629
HOA Y/N No
Year Built 1964
Lot Size 5,151 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
Built in 1963, the 517 Stannage Avenue Apartments consist of Four (4) units in a two-story walkup apartment building. The building is built of wood frame construction with a stucco exterior. The apartment building contains approximately 3,452 square feet of gross building area set on a 5,151 square foot lot. The property has been well-maintained, showcasing the solid architectural bones of its era while serving as a reliable asset in a low-vacancy submarket. The property features a total of Four (4) two bedroom / one bath units estimated at 863 square feet each. A majority of the units have been substantially remodeled and feature kitchen upgrades such as granite countertops, new cabinetry, new appliances and designer light fixtures. The units feature beautiful hardwood flooring through much of the apartment while bedrooms are carpeted. Bathrooms contain small vanities, tiled floors, wall-mounted cabinets and bathtubs with surrounds. The 517 Stannage Avenue Apartments offer investors the opportunity to acquire a well-maintained, well-situated property with zero deferred maintenance in the highly desirable City of Albany. With a two-bedroom unit being kept vacant as a potential owner's unit, this asset will attract not only investors but also owner users. Located one block from El Cerrito Plaza, about half a mile from El Cerrito BART, and three blocks from Solano Avenue, making it highly attractive to renters, including professionals and students.
Location
State CA
County Alameda
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Hardwood, Tile, Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Coin Operated, Common Area, Dryer, Washer
Building
Lot Description Rectangular Lot, Landscaped
Water Public
Schools
School District Albany (510) 559-6500, Albany (510) 559-6500
Others
Special Listing Condition Standard
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