The Pinza Group is excited to announce another Berkeley multifamily listing! This property consists of two one bedroom one bath units, one studio, and one gorgeous three bedroom two bath unit. The three bedroom two bath unit will be vacant at close of escrow allowing for a new investor to rent the unit well above $3,000 a month or for an owner move in. This unit has a living room, dining room, large kitchen, laundry room and large upstairs living area. The unit has laminate floors, granite counters, and updated fixtures. The other units have been upgraded over the years with renovations that include new flooring, paint, and amenities. The property has a large back yard area perfect for gatherings or to enjoy Berkeley's tranquility. The tenants pay all utilities making this an incredibly low expense building. Further, the unit mix is unbeatable and provides significant amount of current rent, and can be raised even further upon turnover. Centrally located only a few blocks away from the shops and restaurants on Ashby and San Pablo Avenue, this multifamily property presents a rare and lucrative investment opportunity. These apartments allow for tremendous up-side potential and will continue to be in high demand due to their proximity to the major thoroughfares of University, San Pablo and Ashby Avenues as well as Berkeley centers of commerce. Easy access to public transportation and Bay Area highways makes this an excellent property for commuters. This is a rare opportunity for an investor to acquire a value add building in a strong rental market. This area is currently being redeveloped by well known developers who seek to take advantage of the cultural and diverse community that makes this location so attractive.The property is in close proximity to 580 and freeways, highway 24 and 13, while still being close enough to downtown Berkeley and the upscale shopping and dining area. Berkeley values have gone up 10.8% over the past year and analysts predict they will rise 2.8% within the next year. Contact Steve@PinzaGroup.com for a Complete Marketing Package!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
