Two Blocks from UC Berkeley - $200K Reduction 2003-2005 Berkeley Way 5 Unit Apartment Building $2,280,000 ($456,000/Unit) 5.38% Cap Rate Berkeley, CA 94704
INVESTMENT HIGHLIGHTS
- The unit mix includes (1) 2 bd/2 ba cottage, (3) 2 bd/1 ba units, (1) 1 bd/1 ba unit
- Improvements include unit renovations, upgraded electrical, and new security gate
- Ideally located just two blocks from the UC Berkeley Campus
- Individually metered for WATER, gas, and electricity keeping expenses low
- Features a 99 Walk Score and a 94 Bike Score highlighting the attractive location
- Just 0.3 mi to the Downtown Berkeley BART station offering complete bay area access
EXECUTIVE SUMMARY
NAI Northern California team is pleased to present 2005 Berkeley Way, a 5-unit multifamily property located in a prime Berkeley location. The property consists of (1) 2 bedroom/2 bathroom cottage, (3) 2 bedroom/1 bathroom units, (1) 1 bedroom/1 bathroom unit, and 5 gated off-street parking spots. Improvements include unit renovations, upgraded electrical, and a new security gate The property is individually metered for WATER, gas, and electricity keeping expenses low. Being just steps away from the UC Berkeley campus, this property has steady turnover allowing for consistent rent growth. This is an extremely rare opportunity to acquire a great asset in a prized Berkeley location.
2005 Berkeley Way is ideally located for tenants commuting to all points of the Bay Area. Commuters utilizing public transportation will benefit from living one block from city bus lines and 0.3 miles from the Downtown Berkeley BART station. The property is two blocks from the UC Berkeley Campus providing a long-term stable tenant base and steps away from Shattuck and University Avenues allowing endless shopping and restaurant choices. Because of this property's attractive location, it will continue to demand premium tenants and maintain a very low vacancy rate.
2005 Berkeley Way is ideally located for tenants commuting to all points of the Bay Area. Commuters utilizing public transportation will benefit from living one block from city bus lines and 0.3 miles from the Downtown Berkeley BART station. The property is two blocks from the UC Berkeley Campus providing a long-term stable tenant base and steps away from Shattuck and University Avenues allowing endless shopping and restaurant choices. Because of this property's attractive location, it will continue to demand premium tenants and maintain a very low vacancy rate.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Microwave
- Washer/Dryer
- Security System
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Carpet
- Breakfast Nook
SITE AMENITIES
- Laundry Facilities
- Security System
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,380 | 578 - 778 |
| 2+1 | 3 | $2,713 | 774 |
| 2+2 | 1 | $3,380 | 800 |
1 of 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (71)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 057-2051-027-00 | Improvements Assessment | $1,696,675 |
| Land Assessment | $641,412 | Total Assessment | $2,338,087 |
