Description

This 9-unit multi-residential building was built in 1920 and is centrally located in Berkeley on Sacramento Street, just minutes from UC Berkeley's campus, BART, downtown Berkeley, and Berkeley Bowl. Unit mix includes nine (9) studio apartments, of which four (4) have been thoughtfully updated with modern kitchens and baths. The remaining five (5) units are rented below market and present an opportunity for the next owner to make improvements upon tenant turnover and capture a tremendous upside in rents.* Property includes a shared backyard space and three separately rented garage units. Each unit has its own 40-gallon gas water heater and is separately metered for gas and electricity, which tenants pay for. The owner is responsible for the water. Tenants enjoy easy access to public transit with an AC Transit bus line nearby, and several cafés and restaurants located nearby at the intersection of Dwight and Sacramento. This is a rare opportunity for a savvy investor to acquire a high-upside potential asset in a high-demand rental market anchored by world-class education, culture, and dining. *Buyer to investigate.