2321-2323 10th Street
$2,075,000
2321-2323 10th Street, Berkeley, CA 94710
5,544 sqft
Building Size
0.16 acres
Lot Area
Details:
Highlights:
- 2 of the 8 units will be delivered vacant at the close of escrow
- All units are separately metered for PG&E, and 4 units are separately metered for water
- The vacant units can be separately metered for water, leaving utility expense load for new ownership at just garbage, common electricity, and water for 2 units
Description:
The property features six (6) 2 BR/1 BA units and two (2) 1 BR/1 BA units with solid in-place income and immediate upside.
Incoming cap rate of 5.1% with four Section 8 tenants being charged far below the maximum voucher offered by HUD. By simply collecting full Section 8 HUD payments and taking advantage of banked rent increases the cap rate jumps to 6%.
Strong long-term appreciation potential with the Alameda County Transportation Commission set to invest heavily in both infrastructure and public transportation in the area as part of the San Pablo Corridor Project.
Contact agents to arrange a tour.
Strong long-term appreciation potential with the Alameda County Transportation Commission set to invest heavily in infrastructure and public transportation in the immediate area as part of the San Pablo Corridor Project.
Documents:
| Title | ||
|---|---|---|
| 2321_-_2323_10th_Street_Final_OM.pdf |
Location
Gallery
