[sudo-discuss] Buying Greater Galilee Church in West Oakland - Viewing Tuesday 8pm

Hello All, ==What?== There is a church that has gone bankrupt, and their property is for sale. 2439 Adeline Street Oakland, CA 94607 The appraisal value is $500k, but it is not on the market yet. (Appraisal pdf attached). So my feeling is that we can make an offer for somewhere around $400k if we organize quickly. There are some pictures in the appraisal PDF. I have set up an appointment to View the church at 8pm on Tuesday 1st October. I'm inviting you to come see if you want. ==Communal Buying== There are several ways to buy the property. I am intrigued by a multi-buyer shared-equity approach. Where everybody that pays not necessarily equal amounts, owns equity in not necessarily equal amounts. There has also been an offer of lender financing if we put $178k down. I am open to creative solutions. ==Potential Uses== Currently it is zoned "CIX" commercial-industrial mix. That means that officially you can only use one-third of the space for living. If we were to get a mortgage we would need a business license. Of course thought once you own it, there isn't zoning police that check what you do with it. So we could make this into housing, hostel, a venue, keep it a church, have a tiny house village on the back bit. Again I am open to creative solutions. ==Get in touch== If you want to come to the viewing, please email or call me (7074787023).