|
     |
     |
|
| 1130 Bancroft Way Berkeley |
| 9 Unit Investment |
| Status |
Sold |
| Price |
$900,000 |
| Category |
Commercial |
| Number of Units |
9 |
| Style |
Modern |
| Year Built |
|
| MLS |
40005775 |
| Description |
|
|
Great Investment Opportunity. 2 Three-Bedroom Unit(Townhouse), 7 Two-Bedroom Units. Well-Maintained Property. Onsite Coin-Operated Laundry Facility. Separately Metered. 9 Parking Spaces. Rental Income Upside Potential. Some Section 8 Tenancy. Adjacent Property also for sale, 12 Units, 1128 Bancroft. |
|
|
|
|
| |
|
|
|
|
| Comments |
|
|
|
|
| Property Information |
|
|
Building Sq. Ft. |
7116 |
Lot Sq. Ft. |
7600 |
Roof |
Tar & Gravel |
Parking |
9 |
Metering |
PG&E |
Reports |
Termite, Roof |
Date Listed |
04/01/04 |
Date Sold |
06/01/04 |
Sale Price |
$1,165,000 |
|
| |
| |
| |
|
|
Investment Information |
|
Price |
$900,000 |
Down Payment |
|
Loan Amount |
|
Current Cap Rate |
0.11 |
Market Cap Rate |
7.52 |
Current GRM |
7.99 |
Market GRM |
8.08 |
|
|
Scheduled Gross Income |
|
Rents |
$112,581 |
Reserve vacancy at |
|
Laundry |
$2,226 |
Parking |
|
Net Rental Income |
$114,807 |
|
|
Operating Expenses |
|
| Property Taxes |
$7,782 |
| Building Insurance |
$2,559 |
| Rent Registration |
$1,088 |
| Business License |
$1,090 |
| Gas & Electric |
$1,049 |
| Water & Garbage |
$2,139 |
| Total Operating Expenses |
$15,707 |
|
|
|
Mortgage Calculator
|
| |
|
Exclusive Offering By |
|
Sarah Schoeneman
510.883.7004 office
510.418.0070 cell
510.883.7076 fax
sarahschoeneman@yahoo.com
Click here to schedule a showing. |
|
|
|
|
| View Larger Map/Driving Directions |
|
