The Regent Manor is a unique opportunity to purchase a 21 unit apartment building a few short blocks to UC Berkeley. The property consists of all 1bd/1bth units of nearly 600 square feet and roughly 40% rental upside. Currently one unit is vacant, and three others will be vacant by close of escrow, thereby allowing the next owner to remodel units and increase rents. The apartments boast large eat in kitchens, large walk in closets, a spacious layout, and balconies. The property has an elevator, on site parking, laundry, storage, and a secured perimeter gate. The property has been well kept over the years, including a full seismic retrofit, energy efficient upgrades, and all balconies/walkways certified under Berkeley's ordinance. The property also has 100% copper plumbing throughout.
The property is steps to UC Berkeley as well as Berkeley's well known Elmwood area. Elmwood is known for being a family-friendly, desirable place to live with walkable streets, an assortment of unique and wide-ranging shops, and convenient access to BART, the Bay Area's Rapid Transportation line. Elmwood is located just off Rockridge BART, approximately four blocks down from the station. The Regent Manor presents local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value. Berkeley stands as one of the most desirable neighborhoods in East Bay. Million dollar homes cover the hills in styles inspired by early 20th-century architecture. Despite the thousands of students attending school on a daily basis, Berkeley remains a quiet neighborhood with a small-town character.
CONTACT STEVEN PINZA, ESQ FOR A COMPLETE MARKETING PACKAGE
