416 Lincoln Avenue, Alameda, California 94501, USA

A Great Investment Opportunity in Alameda, CA

Property Details

A classic multi-family duplex featuring 2 bedrooms, 2 bathrooms, and 1,975 sqft of living space on a 5,560 sqft lot with parking not specified.

• Roof: Needs replacement

• Furnace: Needs replacement

• AC: Not specified

• Plumbing: Not specified

• Electrical Panel: Not specified

• Water Heater: Not specified

The property will be delivered vacant at closing.

Investment Highlights

• Well-maintained property in overall good condition (4/5) requiring mostly cosmetic updates

• Warm market with minimal competition - only one active listing of a non-comparable larger multifamily

• Strong investor ROI potential of 16.7% or $157K based on current market conditions

• Proven buyer demand in this zipcode with 67% sales success rate and average of 23 interested buyers per deal

• Recent comparable sold for $1.1M after updates, establishing strong ARV potential

• Rare opportunity to bring a duplex up to modern standards in a desirable Alameda location

• Part of the Alameda Unified School District with nearby schools rated 6-7/10

Financial Summary

• ARV (After Repair Value): $1,050,000 - $1,100,000

A Wonderful Wholesale Investment Opportunity!