$295K Below Market Rate Condo For Sale: No Income Restrictions

EMERYVILLE, CA — A one-bedroom, one-bathroom condo in Emeryville has been significantly reduced in price to $295,000, making it an attractive opportunity for potential homeowners. The unit is part of the city’s Below Market Rate Homeownership Program and, remarkably, comes with no income restrictions.

The 622-square-foot unit at 1121 40th Street #3402 offers modern living in a prime location near shops, restaurants, and public transit options like BART and AC Transit.

The condo has high ceilings, an open floor plan, new carpet, stone countertops, and in-unit laundry hookups.

Residents also have access to an outdoor space, on-site exercise facilities, and one designated parking spot.

Monthly homeowners association dues are $565.

While this unit has no income restrictions for buyers, it must be owner-occupied, and future resale restrictions apply to maintain its BMR status.

Interested buyers should consult with a real estate agent and secure pre-approval from a lender before submitting an offer.

The program administrator, Hello Housing, encourages prospective buyers to visit its website for further details on eligibility and guidelines.

This condo offers a unique chance for buyers to enter the Bay Area housing market.

For more information, contact Hello Housing at 415-863-3036 or visit the City of Emeryville’s Below-Market Rate Ownership Program website. The website shows Maximum Allowable Household Incomes, but that section should be ignored in this instance.

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