紹介
This rare South Berkeley Triplex, close to Berkeley Bowl, Adeline Street shopping and dining, as well as Downtown Berkeley and Cal, could be the perfect owner-occupied investment hybrid, family compound, or solid investment with upside for discerning buyers. 1631 Julia Street, which consists of a charming 3BD/2BA detached Craftsman Style home in the front, and a separate free-standing two-unit building in the rear that boasts two 2BD/1BA units with a two-car garage. Per the public tax records, the property measures 2,910 Sq Ft on the interior, and is located on a 4,760 Sq Ft lot with room for parking and tenant yard enjoyment. Held by long-term owners for many years, the building has a projected gross annual income in the $75,000 range. and a conservative possible Cap Rate of 5.5% on a projected 35% expense ratio WITH some possible capital improvements taken into account. Rents are as follows: Front House - $2080, Two Rear Units: $2090 (Section 8) and $2100. This solid location, near Ashby Bart, shopping, dining, schools, parks and easy freeway and public transit access, should ensure an attractive tenant offering for years to come.