Seller Will Carry New First loan for qualified buyer! Contact Exclusive Listing Agent Jon Holmquist for complete Offering Memorandum and further details.
Fantastic location with easy bike ride on dedicated trail to UC Berkeley, and located just 2 minutes / 1 block to BART with easy 26 Minute hassle free commute to Embarcadero Station in SF.
This offering at 1257 Francisco Street, in Berkeley, CA is a six-unit apartment complex that is in impeccable condition, located one block from North Berkeley BART. The property has been held by the same owner, a retired contractor, for over 23 years, and each unit has been highly renovated in the interior. The prime location, and high quality of both building exterior and unit interiors, have led to a historical occupancy near 100%, with unit turnovers rented almost immediately, mostly to UC Berkeley graduate students. The property is conveniently located off the Ohlone Greenway which provides a dedicated bike trail with easy and direct bicycle access to UC Berkeley just 2 miles away. Constructed circa 1964 of wood frame with stucco siding, on a concrete slab foundation, the low maintenance building sits on a large 7,840 square foot lot (per public records). The property has well laid out and spacious floorplans with three twobedroom one-and-a-half-bath apartments and three, three-bedroom / one-and-a-half-bath units. Each unit benefits from a private balcony, and there is a wonderful common area patio for tenants to enjoy the peaceful ambiance of the complex. All units are separately metered for gas and electricity, each has a garbage disposal, and five of the six units have dishwashers. There is a common area laundry room with machines owned by the landlord and open parking to the front of the complex.
The current owner self-manages the complex and tenants have been carefully screened and hand selected such that the building benefits from stable, responsible tenants. This offering provides a new buyer with the opportunity to acquire an extremely well kept, 100% occupied, highly improved building with renovated interiors. The location is ideal for nearby UC Berkeley students which provide a constant demand upon turnover.
