37304 Niles Boulevard is an extremely rare opportunity to acquire a mixed-use Building in downtown Niles. This property is a true pride of ownership purchase having been under the same ownership for four generations, this is the first time it has been on the market in almost 100 years. Strong tenant profile, Niles Electric has been in business for over 70+ years in the same location. Complete with individually metered units this site features on-site laundry (leased) and is one of the only properties on Niles with off-street parking. Situated only a few blocks from desirable boutique retail and neighborhood parks, tenants will enjoy the convenience and comfort of these well-located properties and thriving neighborhood. One of the major draws for tenants is the close proximity to Fremont BART (five-minute drive). Beyond this, the location is only a short drive away from great restaurants, supermarkets, convenience stores and much more for all of your daily needs.
Off market
Zestimate®
$2,036,500
37304 Niles Blvd, Fremont, CA 94536
5beds
4baths
2,447sqft
Lowrise (1-3 Flrs)
Built in 1922
-- sqft lot
$2,036,500 Zestimate®
$832/sqft
$2,031 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Cooling
- Other
Features
- Flooring: Other
- Basement: Other
Interior area
- Total interior livable area: 2,447 sqft
Property
Parking
- Total spaces: 8
Features
- Exterior features: Other
Lot
- Size: 0.30 Acres
- Features: Other
Details
- Parcel number: 50728011
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Lowrise (1-3 Flrs)
Materials
- Roof: Other
Condition
- Year built: 1922
Utilities & green energy
Green energy
- Energy efficient items: Other
Community & neighborhood
Location
- Region: Fremont
HOA & financial
Other financial information
- Total actual rent: 3940
Other
Other facts
- Roof: Other
- Heating: Other
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 6
- Cooling: Other
- Flooring: Other
- ExteriorFeatures: Other
- Basement: Other
- ParkingFeatures: Other
- TenantPays: Other
- LotFeatures: Other
- OtherEquipment: Other
- ProfessionalManagementExpense: 0
- GreenEnergyEfficient: Other
- Skirt: Other Skirt
- MlsStatus: Pending
- InsuranceExpense: 4456
- PropertySubType: Lowrise (1-3 Flrs)
- ListPriceLow: 2000000
- GrossIncome: 97356
- GrossScheduledIncome: 97356
- MaintenanceExpense: 8189
- NetOperatingIncome: 53122
- OperatingExpense: 44235
- TaxAnnualAmount: 26339
- TotalActualRent: 3940
- VacancyAllowance: 5000
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Estimated market value
$2,036,500