Bought with OUT OF AREA NON MEMBER • Bay East AOR
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Key Details
Sold Price $2,851,050
Property Type Commercial Sale
Sub Type Garden Apts
Listing Status Sold
Purchase Type For Sale
Square Footage 7,997 sqft
Price per Sqft $356
MLS Listing ID 40942895
Year Built 1967
Lot Size 0.267 Acres
Property Sub-Type Garden Apts
Property Description
Subject property consists of two buildings: 425 and 433 Ranker Place, totaling 10 units. Unit mix is eight 2-bedroom, 1.5 bath townhomes and two 1-bedroom, 1-bath second-floor flats. Fully leased. CAP rate is calculated using actual expenses from the most recent tax returns with property taxes calculated at the new owner's rate based on the listed price. 425 Ranker Place is a six-unit building consisting of 4,838 square feet. 433 Ranker Place is a four-unit building consisting of 3,159 square feet. Units are individually metered for gas and electricity (paid by the tenants). Landlord pays water and trash. Recent complete property and pest inspections are on file. Pre escrow with Chicago Title Danville. Please do not disturb the tenants. Offer subject to inspection.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Laminate, Tile, Vinyl, Carpet
Laundry Community Facility
Building
Lot Description Court, Regular, Landscape Front
Water Public
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803