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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
