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Listing 18 out of 79
Sold for $1,125,000 Sold

6761 Graham Ave.
Newark, CA 94560

3 units | Multi Family Home
6970 sq ft lot - MLS# 40851371 Courtesy of Legacy Real Estate & Assoc, Michael Godfrey
Property Photo

Sold

Sold for $1,125,000 on Apr 30, 2019

Description

What a great opportunity for an investor or owner occupied in one unit. Extremely well cared for Triplex. NEW roof and rain gutters in 2015, NEW garage doors in 2015, NEW exterior paint in 2015, Dual pane windows, other recent repairs... new hot-water heater last yr. E-Z maintenance property with common area patio in the back. cemented walk-ways around the units., Unit B has newer flooring, all have tiled entry. Great Long term tenants. They would like to stay. Rents below Market. Rent survey by appraiser in October 2018 indicated $1750 up to $2000 per unit. No extra major work for a new owner, collect rents Owner pays for water and garage, Tenants pay for PGE ultilities. NO RENT CONTROL IN NEWARK

Features

  • Property Type: Multi Family Home
  • Sub Type: TRIPLEX
  • Listing Status: Sold
  • Listing Price: $1,225,000
  • County/Area: Alameda County
  • Zip Code: 94560
  • Year Built: 1963
  • Age: 56
  • High School: Newark (510) 794-2141
  • Units: 3 units
  • Lot Size: 6970 sq ft lot
  • Addtl Misc. Features: Balcony/Patio, Greenbelt, Play Area
  • Annual Gross Sched Income: $43,000
  • Annual Insurance Expense: $1,213
  • Annual Rental Inc: 43000
  • Annual Total Oper Exp: 5665
  • Annual Utility Expense: $947
  • Cooling: No Air Conditioning
  • Elementary School Distric: Newark (510) 794-2141
  • Equipment Additional: Garage Door Opener, Water Heater Gas, Other
  • Existing Lease Terms: Month To Month
  • Exterior: Stucco
  • Flooring: Laminate, Tile, Vinyl, Carpet
  • Heating: Gas, Wall Furnace
  • Laundry: In Garage, Other
  • Lot Description: Level
  • Lot Sq Ft Apx: 7000
  • Net Operating Income: $37,334
  • Operating Expenses: Garbage Collection, Insurance, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Water
  • Other Annual Expense: $48
  • Park Spc Tot: 2
  • Parking Description: Attached Garage, Garage Parking, Off Street Parking, Parking Area, Spaces - Assigned, Space Per Unit - 2
  • Roof: Composition Shingles
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas, Insurance
  • Total Deposits: 2450
  • Unit 1: 2-Bedrooms, 1-Bathrooms, 2-Parking Spaces
  • Unit 2: 2-Bedrooms, 1-Bathrooms, 2-Parking Spaces
  • Unit 3: 2-Bedrooms, 1-Bathrooms, 2-Parking Spaces
  • Water/Sewer: Sewer System - Public, Water - Public
  • Yard Description: Garden/Play, Patio
  • Sold Price: 1125000
  • Sold Date: 2019-04-30
Courtesy of Legacy Real Estate & Assoc, Michael Godfrey

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Stephen Lin

Stephen Lin
CalBRE#01907182
RE/MAX Accord
Fremont, CA 94539

510-574-6640
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