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Key Details
Sold Price $1,255,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40876437
Sold Date 10/01/19
HOA Y/N No
Year Built 1946
Lot Size 5,662 Sqft
Property Description
A rare opportunity to own a corner property in one of the most sought after neighborhoods in west Berkeley . This 3069 SF fourplex sitting on a 5500 SF lot consists of two 2bedroom one bath and two 1bedroom one bath. There are four off street parking stalls on the 9th street side and a long drive way with space for two cars parked at tandem on the Bancroft side. A large common area back yard with fruit trees enhances the ambiance and gives the feeling of private residence to each tenant .Property has a new roof and been well maintained. it is offered at 14.6 GRM and 4.3 current cap rate . This property has an enormous upside potential with a potential proforma Cap rate of 7.1.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Flooring Carpet, Tile, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features On Street
Roof Type Tar/Gravel
Building
Lot Description Corner Lot, Street Level
Sewer Shared Septic
Others
Tax ID 5619375
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with NOLAN JONES • THE PRESCOTT COMPANY
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960