Fully Renovated Interiors & Exterior 1533-1537 Harmon St 12 Unit Apartment Building $4,795,000 ($399,583/Unit) 6.62% Cap Rate Berkeley, CA 94703

1533-1537 Harmon Street is a 12-unit, completely turn key, multifamily property located in Berkeley's highly desirable South Berkeley neighborhood. Situated on a 0.71-acre parcel, the property consists of two six-unit apartment buildings with a unit mix of ten 2-bed/1-bath units and two 3-bed/2-bath units with in unit washer dryers. Eleven of the 12 units have been extensively renovated with updated kitchens, bathrooms, flooring, paint, appliances, and other interior improvements, minimizing near-term capital expenditures. The property is separately metered for PG&E and water, helping reduce landlord utility expenses. E3, PSL, and other local requirements have also been completed, reducing future ownership responsibilities. The property has new roofs, windows, asphalt, laundry machines, and more! Conveniently located near Ashby BART, UC Berkeley, Downtown Berkeley, Emeryville, and major commuter routes, the property benefits from strong tenant demand and long-term investment potential.
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