1121 40th ST 5102

Below Market Rate (BMR) resale opportunity! This 2-bedroom, 2-bath condominium offers approximately 758 sq. ft. and is subject to the City of Emeryville's Below Market Rate (BMR) Ownership Program and Resale Restriction Agreement. Maximum resale price: $482,888. Sale is restricted to buyers who qualify for and are approved by the City of Emeryville's BMR Program prior to the close of escrow. This 2-bedroom home requires a minimum household size of two (2) persons. Maximum 2026 household income limits (120% AMI) are: 2-person: $197,300; 3-person: $221,950; 4-person: $246,600; 5-person: $266,350. Buyers must complete the City's income certification and approval process. Offers will be opened and reviewed following the City's required marketing period and in accordance with the City's BMR Program guidelines. Please see MLS supplements for additional program requirements or contact the City of Emeryville and the listing agent for more information.