3105 Telegraph Ave
Berkeley, CA 94705

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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.

Features

• Property Type: Multi Family Home
• Sub Type: FOURPLEX
• Listing Status: Active
• County/Area: Alameda County
• Zip Code: 94705
• Year Built: 1918
• Age: 100
• Units: 4 units
• Lot Size: 3485 sq ft
• Annual Expense Year: 35235
• Annual Gross Fee Income: $152,988
• Annual Gross Sched Income: $152,988
• Annual Insurance Expense: $1,959
• Annual Maintance Exp: 2000
• Annual Rental Inc: 152988
• Annual Total Oper Exp: 6072
• Annual Utility Expense: $3,075
• Exterior: Other Skirt
• Heating: Other Heat
• Lot Sq Ft Apx: 3597
• Net Operating Income: $114,692
• Other Annual Expense: $4,040
• Parking Description: Attached Garage, Other
• Unit 1: 2-Bedrooms, 1-Bathrooms
• Unit 2: 2-Bedrooms, 1-Bathrooms
• Unit 3: 1-Bedrooms, 1-Bathrooms
• Unit 4: 2-Bedrooms, 1-Bathrooms