Gorgeous 8-Plex Multi Residential in Berkeley!!!
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Estimate Closing Costs- Features
HIGHLIGHTS
* Rental Upside & Stable Tenants
* Roll Up Garages for Extra Income
* Laundry Facility
* Projected Rental Income: $122,080
* Cap Rate: 5.67% Pro Forma
* Current Occup. Rate: 93.8%
This 8 Units (1 Bedroom/1 Bathroom) Complex is Built around a Central Garden-Courtyard. The Building and its Landscaping have been Exceptionally Well-Maintained, Offers a Comfortable Living Environment. Each Unit Features Very Cozy Eat-In Style Kitchen and Roomy Space with a Lot of Natural Sun Light. The Centralized Location Provides Easy Access to the University of California, Berkeley, All of Downtown Oakland and Freeway 80/580.
This is a Tremendous Opportunity for a Buyer to Acquire an Investment Property with Below Market Rents in a Fabulous Location. It Offers a Very Strong Rental Market with a Lack of Developable Land, Good Demographics, a Diverse Economic Base, and a Strong Source of Growth in the University of California at Berkeley. Over the Long Term Life Span of This Building, This will continue to be an Irreplaceable Location with Little Downside Risk.
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LOCATION HIGHLIGHTS
- Irreplaceable Centralized Location
- Minutes Away from UC Berkeley
- Close to New Theaters in Emeryville and All of Downtown Oakland
- Easy Access to Freeway 80 & 580
- Walking Distance to Shops, Restaurant and Public Transportation
PROPERTY FEATURES
> Built in 1948
> Very Attractive & Well Maintained
> 6 Units on First Level
> 2 Units on Second Level with Garages Downstair
> Upgraded 6 Single Car Garage with Automatic Roll-Up Doors
> Secured Gate Entrance with Intercom Link to Each Unit¿s Phone System
> Newly Installed Long-Lasting Composition Roof
> Newly Furnished Laundry Room with Upgraded Water Heater
> Separate Water Heater & PG&E Meter for Each Unit
> Hardwood Flooring in Most Units
> Shower Over Tub with Tile Wall in Each Unit
> Cozy Eat-In Kitchen Nook
> New Heater, New Appliances and Lighting Fixtures in Certain Units
> Newly Installed Fences in Backyard
> Professional Landscaping in Central Garden-Courtyard
- Lot Size: 9,000
- Square Feet: 5,041
- Year Built: 1948
- Type: Multi-Family Home
- Floors: Two or More Stories
- HOA: No
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