1728 Curtis St - Apartments FOR SALE


Berkeley, CA 94702- Northwest Berkeley
$2,150,000 USD
510-822-1331
1728 Curtis St, Berkeley, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/20
null | 4.9% Cap Rate

1728 Curtis St
Berkeley, CA 94702
Northwest Berkeley


HIGHLIGHTS

  • 8-unit Apartment Complex Offering Eight 2bd/1bth Units with Eight Off-Street Parking Spaces
  • Separately Metered for Water and Electric/Gas Providing for Low Annual Operating Expenses
  • High Demand Berkeley Location Near UC Berkeley, Restaurants, Shopping, with Easy Access to BART, HWY80, and San Francisco
  • Two Vacant Units - Perfect for Owner Occupants or Investors Seeking Max Rental Income Current Cap Rate: 4.90%, Market Cap Rate:
  • Remodeled Units with No Deferred Maintenance

OVERVIEW

8-unit apartment complex featuring eight 2bd/1bth units with excellent strong current cash flow and great upside. The property was originally built in 1959, offers approximately 6,410 square feet of rental space, and sits on a 6,650 square foot corner lot with room for eight off-street parking spaces. The property is easy to manage and is separately metered for water, gas and electric, providing for low annual operating expenses. The units feature remodeled interiors with functional layouts, making this an ideal asset for both owner-occupants and investors. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently six units are rented to stable tenants with rents below market providing an opportunity for the next owner to increase rents over time for a significant increase in cash flow. This is a high-demand rental location near UC Berkeley, many popular restaurants, coffee shops, schools, shopping centers and parks. This location offers exceptional convenience, just minutes from multiple BART lines and major highways, providing quick access to downtown San Francisco. **** EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

4.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Curtis Street 8-Unit Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,652 SF

ZONING

R-2

APN/PARCEL ID

058-2130-020-01

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.