2525 Ashby Ave. Berkeley
Traditional Elmwood Fourplex
Status Sold
Price $1,100,000
Category Residential Income
Number of Units 4
Style Traditional
Year Built
MLS
Description

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.

   
Comments

Fabulous Elmwood location - two blocks to College Avenue restaurants and shops

Property Information
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
 
 
 
Investment Information
Price
$1,100,000
Down Payment
$220,000
Loan Amount
$880,000
Current Cap Rate
0.04
Market Cap Rate
Current GRM
17.14
Market GRM
Scheduled Gross Income
Rents
$64,170
Reserve vacancy
Laundry
Parking
Net Rental Income
$64,170
Operating Expenses
Property Taxes $16,500
Building Insurance $2,472
Rent Registration $656
Business License $780
Gas & Electric
Water & Garbage $2,250
Total Operating Expenses $22,658
 
 
 
     
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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.

   

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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