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Listed by Grant Chappell, DRE #01700439 • NAI Northern California
$1,600,000
Est. payment /mo
9 Beds
2 Baths
3,152 SqFt
Active
1643 Oxford ST Berkeley, CA 94709
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,152 sqft
Price per Sqft $507
MLS Listing ID EB41138568
Bedrooms 9
Year Built 1912
Lot Size 6,210 Sqft
Property Sub-Type Triplex
Source Bridge MLS
Property Description
+ 3 units, 3.36K SF @ $1.6M, 6.15% cap rate ($98.3K Pro Forma Net Operating Income, $147.3K Gross Income, 33.2% OpEx due to individually metered utilities), 10.86 GRM, $475/SF. + Three Units: Unit A: 1bd/1ba @ $1550/mo; Unit B: 3bd/1ba (vacant) @ $4000/mo ($1333/bedroom, single occupancy); Unit C: 5bd/1.5ba (vacant) @ $6300/mo ($1260/bedroom, single occupancy). + Great starter investment property allowing residential financing as low as 3.5%-20% down, get the right mix of renters to increase rents to $1450+/bedroom + Download the OM and see the positive Inspection Reports from Disclosures.io: https://app.disclosures.io/link/1643-Oxford-Street-k5mv2js4 + High Demand Student Housing Asset Steps Away From The #1Rated Public University + Classic 1913 Craftsman Triplex in Desirable Northside Neighborhood + Three (3) Units; Nine (9) Total Single Occupancy Bedrooms + Two Units delivered vacant: (3bd/1ba) & (5bd/1.5ba) + 4 parking spaces; W/D Laundry Connections in Basement + New Roof; 2 of 3 Kitchens Renovated; New Carpets; Great Inspection Reports + Close to the Original Peets Coffee, Chez Panisse and other iconic Berkeley Restaurants + North Berkeley tends to attract graduate and hard sciences students (lower costs, higher margins) + Limited new construction in Northside Neighborho
Location
State CA
County Alameda
Area Berkeley Map Area 1
Zoning R-3
Interior
Heating Baseboard, Gas, Heating - 2+ Zones
Cooling Air Conditioning - None
Flooring Carpet - Wall to Wall, Wood
Laundry In Basement, Hookup - Washer/Dryer
Exterior
Garage Spaces 4.0
Roof Type Composition
Building
Lot Description Regular
Water Heater - Gas
Others
Tax ID 582-183-202
Special Listing Condition Not Applicable
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