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$3,398,000
Est. payment /mo
5,449 Sqft Lot
UPDATED:
10/22/2024 02:31 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41073505
HOA Y/N No
Year Built 1927
Lot Size 5,449 Sqft
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. 1722 Walnut St is a rare opportunity to acquire an apartment building in North Berkeley consisting of ten 1 bed, 1 bath units. The building is currently fully leased as furnished rentals, providing a strong in-place income stream, with all furniture included in the sale. Located just steps from UC Berkeley, the property offers a highly desirable location in one of the nation?s top academic and cultural hubs. The property offers a flexible investment strategy for the next owner. As units become vacant, there is the option to renovate and lease at market rates or continue the existing furnished rental model for maximum returns. Four of the units already feature upgraded, open-concept kitchens, enhancing tenant satisfaction, while all units retain beautiful original hardwood floors, lending charm and character. Additionally, the building includes convenient on-site coin-operated laundry facilities and a sunny shared backyard for tenants to enjoy. Meticulously maintained by the same owner for 37 years, the building is in excellent condition.
Location
State CA
County Alameda
Zoning R-4
Interior
Heating Natural Gas
Cooling None
Fireplace No
Others
Tax ID 5821776
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Listed by Jatin Mehta • Pellego