3 bedroom house for sale

Overview

Hurry, NOW being sold with 3 vacant units! Rare So. Berkeley 4-Plex steps from the Berkeley Bowl, Ashby BART and close to the CAL campus and major commute corridors. The building consists of one 2BD unit, one 1BD unit and 2 Studio units. The 1BD unit is currently leased at $1, 564 per month, and 1 studio unit is currently leased at $1, 495 per month (w/tenant paying $750 since Covid and vacating on 8/1/2022). The upper 2BD/1BA (with projected rent@$2, 000) and a 2nd studio upstairs (with projected rent@$1, 495) will be delivered vacant at close. Based on these assumptions (which buyers should verify) the projected midterm income is in the $78, 000 per year range (and a possible 5% cap rate range assuming a 35% expense ratio). The property is situated on a 4, 268 Sq Ft lot w/room for tenant enjoyment and/or possible expansion. This is an attractive opportunity for investors looking for a solid location to capitalize on. For more details and to contact: https://realtyww.info/homes_south-berkeley-d19762/for-sale_i44142125