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| 2525 Ashby Ave. Berkeley |
| Traditional Elmwood Fourplex |
| Status |
Sold |
| Price |
$1,100,000 |
| Category |
Residential Income |
| Number of Units |
4 |
| Style |
Traditional |
| Year Built |
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| MLS |
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| Description |
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The classic lines of the exterior are complemented by the timeless elegance of the interior. As you step into the formal entryway, you are greeted by the original woodwork. Each unit has spacious, daylit rooms with a wonderful and inviting layout. Four spacious 1-bedroom units with dining and living rooms. Hardwood floors and built-ins. All units have remodeled kitchens with cobalt blue tile counter tops and pine cabinets Brand new carpet in the entryway staircase and freshly painted walls. All units have their own separate laundry. Newly painted exterior. One vacant unit - Completely painted and remodeled bathroom. One detached garage and separate storage shed. |
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| Comments |
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Fabulous Elmwood location - two blocks to College Avenue restaurants and shops
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| Property Information |
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Building Sq. Ft. |
4144 |
Lot Sq. Ft. |
4200 |
Roof |
Tar & Gravel |
Parking |
1 |
Metering |
PG&E |
Showing Instructions |
Vacant Unit on Lockbox |
Reports |
Termite, Home |
Date Listed |
06/18/07 |
Date Sold |
08/16/07 |
Sale Price |
$1,175,000 |
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Investment Information |
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Price |
$1,100,000 |
Down Payment |
$220,000 |
Loan Amount |
$880,000 |
Current Cap Rate |
0.04 |
Market Cap Rate |
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Current GRM |
17.14 |
Market GRM |
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Scheduled Gross Income |
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Rents |
$64,170 |
Reserve vacancy |
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Laundry |
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Parking |
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Net Rental Income |
$64,170 |
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Operating Expenses |
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| Property Taxes |
$16,500 |
| Building Insurance |
$2,472 |
| Rent Registration |
$656 |
| Business License |
$780 |
| Gas & Electric |
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| Water & Garbage |
$2,250 |
| Total Operating Expenses |
$22,658 |
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Mortgage Calculator
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Exclusive Offering By |
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Sarah Schoeneman
510.883.7004 office
510.418.0070 cell
510.883.7076 fax
sarahschoeneman@yahoo.com
Click here to schedule a showing. |
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Jenny Wang
510.883.7012 office
510.289.1022 cell
510.883.7076 fax
jenny@elmwoodrealty.com
Click here to schedule a showing. |
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