$1,250,000
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950 Bancroft Way Berkeley, CA 94710
5,662 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40876437
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
Exterior
Garage On Street
Roof Type Tar/Gravel
Building
Lot Description Corner Lot, Street Level
Sewer Shared Septic
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with NOLAN JONES • THE PRESCOTT COMPANY