Listed by Jim Holt, 650-388-0108 from Elevate Group
(If provided) CoList: from
Sold listing courtesy of Jim Holt from ELEV
Trustee sale. Rare opportunity to acquire a six-unit multifamily property in Newark featuring six 2-bedroom, 1-bath units totaling approximately 4,392 square feet. Property currently consists of four occupied units, including three Section 8 tenancies, and two vacant units offering immediate lease-up and upside potential. Attractive pricing reflects extremely limited historical documentation and creates a strong value-add opportunity. Seller has limited records regarding tenancy, leases, rents, expenses, maintenance history, and operations. Certain rent figures remain unverified. Operating expenses are unknown and any expense figures referenced are based on projected industry estimates only. Physical condition of the property is unknown. Information provided is believed reliable but not guaranteed. Buyer to independently verify all information. Property sold strictly as-is.
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