968 Addison St

    Berkeley, CA 94710
    • $4,250,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: EB40870749
    UPDATED: 75 min ago
    $4,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1943
    County:

    School Ratings & Info

    Description

    Over 8% Cap Rate on Market Rents! 4.7% Cap Rate Day 1! 18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of over 8%, this building provides long term upside for future owner. The property is also located in an Economic Opportunity Zone.

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    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-07-22T23:48:55.39. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/96068207

    968 Addison St Berkeley, CA 94710

    • Price: $4,250,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: EB40870749
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1943
    Built
    Neighborhood:
    Berkeley Map Area 1
    County:
    Alameda
    Area:
    Berkeley Map Area 1
    Property Description
    Over 8% Cap Rate on Market Rents! 4.7% Cap Rate Day 1! 18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of over 8%, this building provides long term upside for future owner. The property is also located in an Economic Opportunity Zone.
    Exterior Features

    Building Type Apartment Complex Exterior None Garage Parking Parking Area Lot Description Other Roof Composition Units In Complex Max 18 View Other

    Interior Features

    Baths Unit1 1.00 Baths Unit2 1.00 Beds Unit1 1 Beds Unit2 2 Cooling None Flooring Other Heating Wall Furnace Laundry Other Structure Sq Ft 11480

    Property Features

    Accessibility Features Other Additional Listing Info Not Applicable Amenities None City Name Berkeley Cross Street Eighth St Hoa Amenities None Lot Size Area Maximum 20000.00 Meters Separate ElectricSeparate Gas Water Other

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Grant Chappell of Joseph M. Tapia, Broker.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-07-22T23:48:55.39. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
     
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