1547 Sherman St, ALAMEDA, California

$1,849,000

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5,540

Square feet

0.13

Acres

About 1547 Sherman St

Large Lot in central Alameda! Price Improvement! Pro Forma Return on Equity of 21.9% annually with ADU per Seller estimate. Italianate Victorian thoroughly rebuilt in 2013 with permits from foundation up. 2 units each 4br 2ba. Laundry in each unit. 10+ ft ceilings. Separate meters per unit. Pro forma rents of $4,650 mo /unit or $9,300/mo gross income. Land & zoned for 2 add’l units and/or ADU with impressive immediate ROI. Convenient commute choices. Buyer to cooperate in 1031 Tax Deferred Exchange. Seller has source for cost-effective modular ADU construction as low as $260/sf. Motivated Seller.

Features of 1547 Sherman St

MLS® # 40962938
Price $1,849,000
Square Footage 5,540
Acres 0.13
Year Built 1895
Type Residential Income
Sub-Type DUPLEX
Status Active

Community Information

Address 1547 Sherman St
Area Alameda Map Area 3
City ALAMEDA
County Alameda
State California
Zip Code 94501

Amenities

Features None, Shower Stall(s), Tub w/Shower Over
Parking Spaces 4
Parking Parking Area, Off Street Parking

Interior

Heating Forced Air 1 Zone, Gas
Cooling No Air Conditioning, Ceiling Fan(s)
Fireplace No

Exterior

Exterior Wood Siding, Siding - Cement
Lot Description Level, Regular
Roof Rolled Composition

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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