$2,380,000
2005 Berkeley Way Berkeley, CA 94704
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$2,380,000
Est. payment /mo
6,120 Sqft Lot
Price Dropped by $100K
2005 Berkeley Way Berkeley, CA 94704
UPDATED:
10/25/2024 12:23 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41073440
HOA Y/N No
Year Built 1955
Lot Size 6,120 Sqft
Property Description
Pleased to present 2005 Berkeley Way, a 5-unit multifamily property located in a prime Berkeley location. The property consists of (1) 2 bedroom/2 bathroom cottage, (3) 2 bedroom/1 bathroom units, (1) 1 bedroom/1 bathroom unit, and 5 gated off-street parking spots. Improvements include unit renovations, upgraded electrical, and a new security gate The property is individually metered for WATER, gas, and electricity keeping expenses low. Being just steps away from the UC Berkeley campus, this property has steady turnover allowing for consistent rent growth. This is an extremely rare opportunity to acquire a great asset in a prized Berkeley location. 2005 Berkeley Way is ideally located for tenants commuting to all points of the Bay Area. Commuters utilizing public transportation will benefit from living one block from city bus lines and 0.3 miles from the Downtown Berkeley BART station. The property is two blocks from the UC Berkeley Campus providing a long-term stable tenant base and steps away from Shattuck and University Avenues allowing endless shopping and restaurant choices. Because of this property's attractive location, it will continue to demand premium tenants and maintain a very low vacancy rate.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater, Washer
Exterior
Roof Type Composition
Total Parking Spaces 6
Others
Tax ID 57205127
Listed by Timothy Warren • NAI Northern California