Karbassi Multifamily Group is delighted to present to new or seasoned investors this eclectic and elegant 8 unit Santa Fe design apartment building in Poet's Corner district of Berkeley.The building grosses about $131k per annum,all studios, washer & dryer owned, low maintenance traditionally, easy to self-manage, 30+% potential upside, possibly 3 storage spaces may be added to studios above for additional sqft (check with City), no off-street parking with ample street parking; 5 min bike ride to N Berkeley BART & 4th St downtown, 5 min drive to hwy 80 for a 20 min commute to downtown SF. 15 min bike ride to campus, 3 min walk to transit to take you to campus. These units get rented back to back no matter the time of the year and demand top $$$. The owner has not obtained any reports. Building is being sold in its AS-IS and where is condition. Owned by same owner 30+ yrs.
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