3105 Telegraph Ave, Berkeley, CA 94705

$1,895,000
List Price
$1,895,000
Status
ACTIVE
Year Built
1918
MLS#
40847490
Lot Size
3,597
Type
Multifamily
Zip
94705
city
Berkeley

Property Description

Cap Rate: 6.05% in Elmwood with Upside! 3105 Telegraph Avenue is a renovated, Craftsman-style apartment building in the charming Elmwood neighborhood. Built in 1918, the building consists of three (3) 2-bed / 1-bath and a large 1-bed / 1-bath unit. Two of the units have been substantially renovated down to the studs, and all of the windows in the building have been replaced. Due to the prime location and unique style, this rare investment opportunity will continue to be in high demand by quality tenants. Boasting of a walking score of 91, the property is a one block walk to Whole Foods and is surrounded by highly rated restaurants, cafes, and shops. The location is rated as a bikers paradise as tenants are able to accomplish daily errands with no need for a car. Tenants will continue to pay premium rents to live in this highly desirable neighborhood.

Additional Information

Annual Taxes
23268
Annual Utility Expense
3075
Annual Total Oper Exp
6072
Lotdescription
Other
Flooring
Other
Heating
Other Heat
Cooling
Other
Basement
Other
Exterior
Other Skirt
Yarddescription
Other
Roof
Other
Parkingdescription
Attached Garage, Other
Water Sewer
Other
Building Type
FOURPLEX
Annual Gross Sched Income
152988
Other Annual Expense
4040
Addtlmiscfeatures
Other
Annual Maintance Exp
2000
Possession
Other
Annual Rental Inc
152988
Acres
0.08
Terms
Other
Tenantpays
Other
Annual Insurance Expense
1959
Net Operating Income
$114,692
Annual Vacancy Expense
3059
Annual Expense Year
35235
Gross Oper Income Act
149928
Annual Gross Fee Income
152988

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
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Calculator source: Real Geeks

Listing courtesy of GRANT CHAPPELL from JOSEPH M. TAPIA, BROKER

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Based on information from the Bay East Association of REALTORS® as of: All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.