2321-2323 10th Street

2321-2323 10th Street, Berkeley, CA

$2,175,000

Price

5,544 sqft

Building Size

0.16 acres

Lot Area

Overview
Building Size
5,544 sqft
Lot Area
0.16 acres
Occupancy
75%
Units
8
Year Built
1964
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 4.78% with four Section 8 tenants being charged far below the maximum voucher offered by HUD. By simply collecting full Section 8 HUD payments the cap rate jumps to 5.71%.

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.

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
Documents

Location
Gallery