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$1,500,000

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2906 Telegraph Ave, Berkeley, CA 94705

2906 Telegraph Ave, Berkeley, CA 94705

4 total units

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Description

Telegraph Avenue in Berkeley, CA. The subject property offers the unique opportunity to acquire an investment property in one of the healthiest rental market in the East Bay. The property was built in 1904 and is situated on an 3, 789 square foot lot, with 2 garage spaces and a shed for additional storage. It is conveniently close to UC Berkeley, Whole Foods and Ashby Bart. Three of the four units will be delivered vacant allowing the new owner to choose their tenants and rent at market rates. The only remaining tenant has agreed in writing to vacate May 31st, 2018. A savvy owner may take this opportunity to significantly remodel the property to get top dollar rents or perhaps add additional square footage to the basement or attic. Property has the potential to generate a very strong return as is. 2906 Telegraph was operating at a 5.17% cap rate when fully occupied. The owner pays for all utilities.

Details

  • Built in 1904
  • FOURPLEX
  • Style: Unknown
  • Alameda County
No Unit Information Available

$1,500,000

Available Now! -

MLS ID# 40800082

For more info contact

Photo Heidi Johnson
(877) 565-2010

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Photo Heidi Johnson
(877) 565-2010

Get more info or schedule a showing
     

Question or comment

8:44
MLS#: 40800082
Listing Office: CITRINE ADVISORS, INC.
Listing Agent: JEROME SMITH
Last Updated: 11/02/2017 10:04am
Information obtained from Bay East Association of Realtors.
Information provided by seller/other sources, not verified by broker.
All interested persons should independently verify accuracy of all information.
eho
Property Views: 8
Days on Market: 44

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