986 Kains Ave
One of a Kind Albany Location! 5 Min Walk to Solano Ave. Rent out 4 Units & Live in the 4/2!
Marketing description
Bay's Elite Investments is pleased to present to the new or seasoned investors a unique investment property in one of the best Bay Area locations. 986 Kains Ave is nestled between Marin and Solano Avenues and surrounded with excellent Albany schools and close to multitude of coffeeshops, restaurants and grocery stores. With a 96 Walkscore and a 98 Bikescore one can do just about all their chores on foot or with a quick bike ride and maintain their active lifestyle.
The property consists of a nearly 1500 sqft 4 bed and 2 bath single family home plus 4 additional units composed of three 2 bed1 bath apartments and one 1 bed 1 bath unit. The property is perfect for a first time homebuyers who are priced out of the market due to the rising interest rates. By living in the 4 bed house and generating income from the 4plex next door to supplement one's mortgage, a buyer could now easily afford the home
The property has many unique features such as wood vaneers throughout the walls of the single family home, gorgeous beamed ceilings, a massive master bedroom with a spa like tub, an eclectic bookshelf in the living room, gorgeous modernized kitchen and dining area, huge living room, dazzling hardwood floors throughout, and ample closet space in every room. On the other hand, the units in the fourplex uniquely measure approximately 900 sqft for the 2/1s' and about 750 sqft for the 1/1. They all have refinished hardwood floors, a couple have rustic wood burning fire places, all have been upgraded with new kitchens with dishwashers, new bathrooms and all have spacious and open floor plans.
The 5 units were constructed in two phases with the single family being built in the 1920's and the completion of the 4plex in the 1940's. The total property square footage is 4944 according to the public records. The properties share a 7500 sqft parcel where the single family has it's own semi-private backyard area and the 4plex has access to a modest size yard space in the rear. While the property has retained much of its old world charm, it's been modernized with new kitchens and baths, addition of dishwashers and so on. The building is surrounded with reputable Albany schools in addition to being a stone throw away from all the shops and restaurants that Solano Ave has to offer.
The 5 units were constructed in two phases with the single family being built in the 1920's and the completion of the 4plex in the 1940's. The total property square footage is 4944 according to the public records. The properties share a 7500 sqft parcel where the single family has it's own semi-private backyard area and the 4ple
Investment highlights
Amazing Solano Hill Neighborhood- With a Walkscore of 96 and Bikescore of 98, tenants can get most everything done on foot.
Ideal Albany Location - Conveniently located between Marin and Solano Avenues
Minutes to 880 Corridor- Literary a 20 Minute Commute to Downtown San Francisco
Nearby Lifestyle Amenities
Pedestrian Playground - With an Abundance of Coffeeshops, Restaurants and Grocery Stores a stone throw away, residents can get most everything on foot or a quick bike ride!
Education At Your Doorsteps- Excellent Albany Schools such as Cornell, Marin and Ocean View Elementary; Albany Middle School and MacGregor and Albany High Schools are located anywhere from 5-20 Minute Walking Distance.
Outdoor Oasis - Literary 3 Minute Walk to Ocean View Park where one can take the Dog on a Quick Stroll, have the Kids Play Baseball, Basketball, Tennis or Play at the Play Ground, while you check out the Bay Views.
Near BART - A 10 minute Bike Ride to El Cerrito BART station.
Physical Amenities
Five Units - 1 Massive ~1500 SqFT 4 Bed 2 Bath Single Family Home; 3 Spacious ~900 SqFt 2 Bed 1 Bath Apartments and 1 Large ~750 Sqft 1 Bed 1 Bath.
Parking Onsite - Building comes with two Off Street Parking at the end of the Driveway.
Outdoor Area - A Rear Back Yard Offers the Single Family a private, outdoor space. And the 4 Units Share a Communal Area where They Can Relax.
Laundry Onsite - The Building Comes with Onsite Leased Washing and Drying Facilities, Increasing its Appeal with Renters. The SFR has its Own In-Unit Stackable Washer and Dryer.
Investment Advantages
Strong Financials - The property valued at at 15.5 times gross rents, and at about 515 price per square foot, offers a new or a seasoned investor some very strong fundamentals and a great cash-flow asset to invest in. It also allows for a new homeowner to supplement their mortgage payment from the rent generated from the 4plex, while living in the single family home.
Albany Home to Bay Areas' Top-Rated Schools- **Albany High School is known as one of the best public schools in the Bay Area for its academic excellence. The high school had a graduation rate of 92.1%, according to the 2009 -10 School Accountability Report Card for the prior academic year.
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