7435 Wells Ave, Newark, CA 94560

$1,048,000
List Price
$1,048,000
Status
ACTIVE
Price Change
▼ $101,000 1585360191
Year Built
1973
MLS#
40899809
Lot Size
6,250
Type
Multifamily
Zip
94560
city
Newark
Neighborhood
Central

Property Description

NO OPEN HOUSE, DO NOT DISTURB TENANTS! Rare investment opportunity!!! Location, Location, Location!! Eight miles from Facebook Headquarters, two miles from Amazon Distribution Center, Seven miles from Tesla Factory, Easy freeway access to 880, 101 and Dumbarton Bridge. Near shopping and entertainment!!! Many renovations within the last 10 yrs; 40 yr Roof, Gutters, Fascia Boards, Dual Pain Windows, Copper Plumbing, Gas water Heaters, Stucco Resurfacing, Flooring, Eco-Friendly Artificial Grass, 60+ ft of fencing, LED Dimmable-Lighting, Granite Counter Tops, Stainless Steal Appliances, Central Heating & A/C and much more!! Video Link:httpshttps://www.youtube.com/watchv=5zeanLc_coo&feature=youtu.be

Additional Information

Annual Taxes
6892
Annual Utility Expense
3200
Annual Total Oper Exp
11583
Lotdescription
Level
Flooring
Laminate, Tile, Vinyl
Heating
Central Gravity, Gas, Wall Furnace
Cooling
Ceiling Fan(s), Central 1 Zone A/C
Basement
None
Laundry
Other
Exterior
Dual Pane Windows, Stucco
Yarddescription
Back Yard, Fenced, Front Yard, Garden/Play, Patio, Patio Covered, Side Yard
Roof
Composition Shingles
Parkingdescription
Off Street Parking, Space Per Unit - 1, Tandem Parking
Parking Spaces
3
Water Sewer
Sewer System - Public, Water - Public
Total Deposits
3500
Building Type
DUPLEX
Annual Gross Sched Income
54000
Addtlmiscfeatures
None
Separatemeters
Electric, Gas
Possession
COE
Annual Rental Inc
54000
Allunitshave
Disposal, Patio, Updated Baths
Someunitshave
Dishwasher, Disposal, Patio, Updated Baths, Updated Kitchen
Acres
0.14
Terms
Cash, Conventional
Tenantpays
Cable TV, Electric, Gas, Trash
Annual Insurance Expense
1147
Net Operating Income
$49,353
Annual Expense Year
200
Gross Oper Income Act
54000
School District
Newark (510) 794-2141

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jesus Perez from Alliance Bay Realty

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