Delivered 100% Vacant 1614 Russell St 5 Unit Apartment Building $1,195,000 ($239,000/Unit) 9.21% Cap Rate Berkeley, CA 94703

The Pinza Group is pleased to present 1614 Russell Street in Berkeley, CA, a unique value-add opportunity featuring three separate buildings comprised of five total units, including two 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all set on a spacious 6,992 SF lot. One 2bd unit is a church that may be converted to residential and the other 2bd is a two story cottage which can rent for a premium once renovated. This fully vacant property offers an excellent chance for renovation and renting at market rate rents. The property also sits on a large lot with enough open space to likely add at least one ADU. Zoned for commercial use and situated in a prime South Berkeley location, this property is conveniently close to popular restaurants, cafes, public transportation, parks, and shopping options.