1543 Sherman St, ALAMEDA, California

$1,389,000

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6,142

Square feet

0.14

Acres

About 1543 Sherman St

Amazing cosmetic fixer project awaits your touch! Italianate Victorian Duplex 3br 1ba each level. Large lot in central Alameda +PLUS+ 2 new units + ADU, total 5 units !!!!! Price Improvement! Vacant. Spacious 10’ ceilings both levels. It can be occupied immediately while generating revenue during planning for add’l units and/or renovation. Estimated to renovate $42k including foundation retrofit (or $24k without retrofit). Ask to see contractor bid. Near commute lines. Pro forma rents $7,200 in current condition. After renovation pro forma rents of $9,000. To envision the future see exterior before/after comparison to next door sister duplex at 1547 Sherman renovated in 2013. City of Alameda Planning R2-4 zoning. Seller has source for cost effective modular ADU. Motivated Seller: Inquire about Seller Financing.

Features of 1543 Sherman St

MLS® # 40962898
Price $1,389,000
Square Footage 6,142
Acres 0.14
Year Built 1895
Type Residential Income
Sub-Type DUPLEX
Status Active

Community Information

Address 1543 Sherman St
Area Alameda Map Area 3
City ALAMEDA
County Alameda
State California
Zip Code 94501

Amenities

Features None
Parking Spaces 4
Parking No Garage, Unassigned, Parking Area

Interior

Heating Baseboard
Cooling No Air Conditioning
Fireplace Yes

Exterior

Exterior Lap, Wood Siding
Lot Description Partial Fence, Level, Regular
Roof Composition Shingles, Rolled Composition

School Information

District Alameda (510) 748-4000

Additional Information

Date Listed August 12th, 2021
Zoning R4
Short Sale No
RE / Bank Owned No

Listing Details

AgentKirk Knight
OfficeCompass

Listing Map

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