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Listed by Susan Koide • Compass
$ 1,800,000
Est. payment | /mo
4,432 SqFt
$ 1,800,000
Est. payment | /mo
4,432 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,432 sqft
Price per Sqft $406
MLS Listing ID 41089917
HOA Y/N No
Originating Board Bridge AOR
Year Built 1959
Lot Size 6,000 Sqft
Property Sub-Type 5 or More Units
Property Description
First Time on the market in over 30 years, this attractive modern well-maintained Six-Unit apartment building represents an excellent investment opportunity. The 6 two-bedroom 1 bath units (one with bonus room /office) are well laid out and have remodeled or updated kitchens and Baths. The property produces good income with the property being offered at a Pro Forma 10.67 GRM and a 5.89% Cap Rate. Separate meters for gas and electric and separate hot water heaters help keep expenses low. 6-Car parking in front of the building. Common Laundry room. Rear yard with bike rack. New exterior paint. located in the vibrant West Berkeley neighborhood. This property is conveniently located near restaurants, cafes, shops, parks, and transportation. Call listing agents for marketing package, disclosure package, and showings. Sellers willing to consider seller financing with 30% down at 6% interest.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Laminate, Carpet
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry Coin Operated, Common Area, Community Facility, Dryer, Washer
Building
Lot Description Level
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227