Listed by Bos Group
$1,500,000
2045 Emerson Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,270
Units 5
Cap Rate 5.96%
Pro-Forma Cap Rate 7.20%
Price per SqFt $459
Year Built 1909
Lot Size (SqFt) 5,000
Multifamily | 5 Units | $300,000/unit
Marketing description
Bos Group is proud to present 2045 Emerson Street, a 5-unit Multifamily property in Berkeley's South Berkeley neighborhood offered at $1,500,000. The property features a unit mix of (4) 1BD/1BA and (1) 3BD/1BA with current in-place monthly income of $11,852.
Investment highlights
- Down payment (35%) $525,000
- Number of units 5
- Price / unit $300,000
- Square feet 3,270
- Cost / sq. foot $459
- CAP - Current 5.96%
- CAP Rate - Pro Forma 7.20%
- GRM - Current 10.55
- GRM - Pro Forma 9.27
- Year built 1909
- Lot size 5,000 SF
- List price $1,500,000 | 35% down ~$525K
- Vacant 3BR owner's unit | ideal owner-user opportunity
- In-unit laundry for duplex | on-site laundry for triplex
- On-site parking with covered carport spaces
- Upgraded units with modern kitchens & baths
- Future income from parking & laundry not yet charged
- Roof replacement
- Unit Upgrades
- Electrical Upgrades
Listing Contacts
Listed by Bos Group
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