Hurry, NOW being sold with 3 vacant units! Rare So. Berkeley 4-Plex steps from the Berkeley Bowl, Ashby BART & close to the CAL campus & 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 & 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.
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