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$1,350,000
Est. payment /mo
5,401 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Berkeley
MLS Listing ID 41134297
HOA Y/N No
Year Built 1964
Lot Size 5,401 Sqft
Property Sub-Type Apartment
Property Description
This is the first time owner-builder has placed this five-unit building on the market in 62-years. The property has huge upside potential. The property is being sold "AS-IS". Asking price reflects adjustment for the building's condition. The structure has some deferred maintenance, with heavy wear in units B, C, and D. Termite report with cost to cure estimate of $29,200. for Section 1 and Section 2 has been uploaded along with preliminary title report, JCP report, and Section 8 printout (see associated docs). Rents shown are projected using approved two-bedroom, Section 8 rents for the 94710 Zip Code. The last Section 8 tenant paid $3,140 a month. The owner reports that property insurance is $4,000 a year, house PG&E electric and gas is $4,800 a year, water is $8,400 a year, garbage is $2,100 a year, and business license is $729 a year. The composition shingle roof is 26 years old. Offers will be considered when received. The owner will deliver the building vacant at close of escrow.
Location
State CA
County Alameda
Zoning R-2
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater, Dryer
Exterior
Roof Type Shingle
Total Parking Spaces 7
Building
Lot Description Street Level
Others
Tax ID 5619689
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Listed by Lamont Thompson Lamont Thompson, Broker #01172158
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