Description
Nestled just one block from the vibrant University Avenue and a mere 8-minute jaunt from UC Berkeley, this enchanting 6-unit apartment complex boasts an unbeatable location tailor-made for both scholars and professionals alike. Its cyclist-friendly lanes, swift access to I-80, and close proximity to public transit and the bustling 4th Street shopping district epitomize the epitome of convenience and a covetable lifestyle for its residents. This property, encompassing 6 units - including (4) inviting 1-bedroom units and 2 cozy studios - sprawls across approximately 2,736 square feet. Originally crafted in 1962, the complex gracefully occupies an expansive lot measuring roughly 5,200 square feet, presenting an enticing opportunity for astute investors aiming to harness the escalating rental rates in the area. The building boasts full occupancy, yielding strong in-place monthly cash flow of $9,424, with the potential for a 42% increase in gross income. Ideally situated along 9th Street, nestled between Addison Street and 8th Street, this complex offers seamless access to the surrounding neighborhood, elevating its desirability among prospective tenants. Its close proximity to the esteemed university renders it a prime choice for students and faculty, while the multitude of dining

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Updated: 23rd September, 2023 11:02 PM (UTC)
Updated: 23rd September, 2023 11:02 PM (UTC)