Property Detail

Description

Prime Berkeley Quadruplex Investment Opportunity! Fantastic multi-family investment opportunity located at 1283 University Ave, Berkeley, CA. This property is ideally situated in a prime East Bay location just a short distance from U.C. Berkeley and local schools including Rosa Parks Elementary, Realm Charter Middle School, and Berkeley High School. The 2-story building features 4 bedrooms, 4 full bathroom. Located near UC Berkeley! 4 units, all 1 BR and 1 BA. Tenants in all units. Gas range and water heater in each unit. Separate electric meters. Landlord pays water and garbage. On site parking. Newer windows, roof, and floors. Gross monthly rental income: $10,282. Gross annual income: $123,384. Gross annual expenses: $23,950.Situated on a 56' x 104' lot in Alameda County (APN: 57-2081-25). A compelling value-add prospect for savvy investors looking to establish or expand their portfolio in the vibrant Berkeley market. City of Berkeley, single-family homes and duplexes must comply with the Building Emissions Saving Ordinance (BESO) to obtain a Home Energy Score.