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40785 Max Dr Fremont, CA 94538
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Key Details
Sold Price $2,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Irvington Area
MLS Listing ID 41069233
Year Built 1968
Lot Size 0.275 Acres
Property Description
So what do you get when you cross a single-family home with 4 ADUs? Try an amazing ground floor investment in the evolving Irvington District, an easy stroll or leisurely drive to shopping, restaurants, personal services, Lake Elizabeth and the eventual Irvington BART Station, as well as easy connectors to highways 680,880,238&84. This is your opportunity to get in pre-gentrification as new homes sprout up throughout the immediate region. All units currently rented. Long-term tenants would like to stay but rents are under market. On site coin-op laundry facility for additional income. Main house (unit #1) 3 bedroom/2 bathroom approx. 1150sqft & $2850/mo. All 4 ADU apartments are 2 bedroom for greater tenant retention, & 1 bathroom approx. 900 sqft each. Unit #2 $2350/mo, Unit #3 $2200/mo, Unit #4&5 $2300/mo and are each 2 bedrooms & 1 bath. Upgrades to consider for greater return: converting detached carports to garages and adding 1 additional bath to the larger bedroom of the ADU apartments (with city approval, of course). All properties have very recent structural pest control and whole home inspections, available to Realtors and prospective buyers. Corner lot with great street parking. Buyer to verify actual square footage.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Tile, Vinyl
Exterior
Garage Carport, On Street
Roof Type Shingle
Building
Lot Description Corner Lot, Street Level
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with Tim Truong • Real Estate Avenue