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$3,398,000
Est. payment /mo
1 Bed
1 Bath
6,020 SqFt
UPDATED:
10/22/2024 01:45 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,020 sqft
Price per Sqft $564
MLS Listing ID EB41073505
Bedrooms 1
Originating Board Bridge MLS
Year Built 1927
Lot Size 5,450 Sqft
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. 1722 Walnut St is a rare opportunity to acquire an apartment building in North Berkeley consisting of ten 1 bed, 1 bath units. The building is currently fully leased as furnished rentals, providing a strong in-place income stream, with all furniture included in the sale. Located just steps from UC Berkeley, the property offers a highly desirable location in one of the nation's top academic and cultural hubs. The property offers a flexible investment strategy for the next owner. As units become vacant, there is the option to renovate and lease at market rates or continue the existing furnished rental model for maximum returns. Four of the units already feature upgraded, open-concept kitchens, enhancing tenant satisfaction, while all units retain beautiful original hardwood floors, lending charm and character. Additionally, the building includes convenient on-site coin-operated laundry facilities and a sunny shared backyard for tenants to enjoy. Meticulously maintained by the same owner for 37 years, the building is in excellent condition.
Location
State CA
County Alameda
Area Other Area
Zoning R-4
Interior
Heating Gas
Cooling None
Flooring Wood
Laundry Laundry Facility - Coin-Op
Exterior
Exterior Feature Stucco
Parking Features No Parking
Building
Lot Description Regular
Sewer Sewer - Public
Others
Tax ID 58-2177-6
Special Listing Condition Not Applicable
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Listed by Jatin Mehta • Pellego
GET MORE INFORMATION
Sharad Gupta
Broker | License ID: 02213637
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