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$1,600,000
Est. payment /mo
6,211 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Northside
MLS Listing ID 41138568
HOA Y/N No
Year Built 1912
Lot Size 6,211 Sqft
Property Sub-Type Triplex
Property Description
+ 3 units, 3.36K SF @ $1.6M, 6.15% cap rate ($98.3K Pro Forma Net Operating Income, $147.3K Gross Income, 33.2% OpEx due to individually metered utilities), 10.86 GRM, $475/SF. + Three Units: Unit A: 1bd/1ba @ $1550/mo; Unit B: 3bd/1ba (vacant) @ $4000/mo ($1333/bedroom, single occupancy); Unit C: 5bd/1.5ba (vacant) @ $6300/mo ($1260/bedroom, single occupancy). + Great starter investment property allowing residential financing as low as 3.5%-20% down, get the right mix of renters to increase rents to $1450+/bedroom + Download the OM and see the positive Inspection Reports from Disclosures.io: https://app.disclosures.io/link/1643-Oxford-Street-k5mv2js4 + High Demand Student Housing Asset Steps Away From The #1Rated Public University + Classic 1913 Craftsman Triplex in Desirable Northside Neighborhood + Three (3) Units; Nine (9) Total Single Occupancy Bedrooms + Two Units delivered vacant: (3bd/1ba) & (5bd/1.5ba) + 4 parking spaces; W/D Laundry Connections in Basement + New Roof; 2 of 3 Kitchens Renovated; New Carpets; Great Inspection Reports + Close to the Original Peets Coffee, Chez Panisse and other iconic Berkeley Restaurants + North Berkeley tends to attract graduate and hard sciences students (lower costs, higher margins) + Limited new construction in Northside Neighborhood - - strengthening long term rent prospects Open House tour of the vacancies will be provided on Saturday June 27th and June 28th. We will also provide tours of the vacancies upon request from qualified buyers. Full tour of the property will be provided upon receipt of qualified offer. Disclosures file will be updated as additional files arrive but today (June 16th) it contains the OM, pest inspection and home inspection.
Location
State CA
County Alameda
Zoning R-3
Interior
Heating Baseboard, Forced Air, Natural Gas
Flooring Carpet, Wood
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Front Yard
Others
Tax ID 582183202
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Grant Chappell NAI Northern California #01700439
Nearby Locations
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