Curtis Street 8-Unit Apartments 1728 Curtis St 8 Unit Apartment Building $2,150,000 ($268,750/Unit) 4.90% Cap Rate Berkeley, CA 94702

8-unit apartment complex featuring eight 2bd/1bth units with excellent strong current cash flow and great upside. The property was originally built in 1959, offers approximately 6,410 square feet of rental space, and sits on a 6,650 square foot corner lot with room for eight off-street parking spaces. The property is easy to manage and is separately metered for water, gas and electric, providing for low annual operating expenses. The units feature remodeled interiors with functional layouts, making this an ideal asset for both owner-occupants and investors. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently six units are rented to stable tenants with rents below market providing an opportunity for the next owner to increase rents over time for a significant increase in cash flow. This is a high-demand rental location near UC Berkeley, many popular restaurants, coffee shops, schools, shopping centers and parks. This location offers exceptional convenience, just minutes from multiple BART lines and major highways, providing quick access to downtown San Francisco.
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