South Campus Income Property
2225 Blake Street, Berkeley
Offered at: $1,350,000 - Sold
Quintessential Victorian Duplex just blocks to campus, shopping and Berkeley Bowl. Originally built in 1895 and beautifully restored in the late 1970's, this sun-filled, well-maintained property offers amazing space for a number of potential uses. Recognized by the City of Berkeley as 2 units, the lower level consists of four rooms, each with private bath. There is also an extra "garden kitchen", laundry room and large, private rear garden with patio and gazebo for outdoor enjoyment.
Main House:
- 5 bedrooms, 3 baths
- Living room, parlor, media room
- Library, formal dining room, sun porch/study
- Full kitchen on main floor
- Kitchenette on upper floor
- Currently rented at $6,000/month
Approx. 1100sf (per appraisal)
- Each room is independently rented
- All rooms are currently occupied
- Total Rent Income: $3,200/month
Blocks to campus, shopping and Berkeley Bowl
Income/Expense Statement
(deemed reliable but not guaranteed)
Gross Income: $110,400
Insurance: $2,836
Property tax: $20,250
Landscaping: $4,440
PGE, Water, Garb: -0- (tenants pay all utilities)
Rent Board Fees: $776
Vacancy rate: $4,200
Misc. Repair/Maintenance: $6,000
Property is managed by current owner
Net Income: $74,394 Community Links
