950 Bancroft Way #950
Sold

950 Bancroft Way #950

950 Bancroft Way #950, BERKELEY, CA 94710

$1,255,000
A rare opportunity to own a corner property in one of the most sought after neighborhoods in west Berkeley . This 3069 SF fourplex sitting on a 5500 SF lot consists of two 2bedroom one bath and two 1bedroom one bath. There are four off street parking stalls on the 9th street side and a long drive way with space for two cars parked at tandem on the Bancroft side. A large common area back yard with fruit trees enhances the ambiance and gives the feeling of private residence to each tenant .Property has a new roof and been well maintained. it is offered at 14.6 GRM and 4.3 current cap rate . This property has an enormous upside potential with a potential proforma Cap rate of 7.1.

3,069 Sq.Ft. LIVING AREA

0.13 Acres lot

Nolan Jones

Nolan Jones

Features & Amenities

Interior

  • Laundry room Other
  • Flooring Tile, Vinyl, Carpet

Area & Lot

  • Status Sold
  • Living Area3,069 Sq.Ft.
  • Lot Area0.13 Acres
  • MLS ID40876437
  • TypeCOMMERCIAL
  • YEAR BUILT1946

Exterior

  • roofTar and Gravel
  • lot featuresCorner, Level
  • parkingOff Street Parking, Tandem Parking
  • HEAT TYPEGas, Wall Furnace
  • AIR CONDITIONINGNo Air Conditioning
  • sewerSewer System - Public
  • other exterior FeaturesBack Yard, Fenced

Financial

  • Sales Price$1,255,000

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The Prescott Company prides itself on being an expert in the market, as well as providing our clients with the necessary timely information, analysis, and strategies to ensure that our clients are able to successfully execute on their individual investment goals.

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