2004-2010 Emerson St - Apartments FOR SALE


Berkeley, CA 94703
$1,800,000 USD
707-363-2463
2004-2010 Emerson St, Berkeley, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/10
null | 6.38% Cap Rate

2004-2010 Emerson St
Berkeley, CA 94703


HIGHLIGHTS

  • Consists of six (6) 1-bedroom, 1-bathroom units, and two (2) studio units
  • Excellent in-place cash flow with a 6.38% cap rate and significant rental upside
  • Additional income is generated from a rooftop cell tower
  • Features a 93 walk score and is considered a “Walker’s Paradise” by walkscore.com
  • Steps from both Ashby and Shattuck Avenues offering amazing eateries, The Berkeley Bowl, Whole Foods, and more
  • Less than one block to the Ashby BART station offering complete Bay Area access

OVERVIEW

The Mitchell Warren Team is pleased to present 2004 Emerson Street, an 8-unit multifamily asset in a prime South Berkeley location steps from the Ashby BART station. This well-maintained property features a desirable unit mix, consisting of six (6) 1-bedroom, 1-bathroom units, and two (2) studio units, making it an attractive option for a variety of tenants. The property offers beautiful architecture with period-appropriate details and a large shared yard for tenant convenience. Additional income is generated through a rooftop cell tower. The property’s ideal location will ensure vacancy is kept to a minimum and cash flow strong. Don't miss out on this exceptional opportunity to acquire a stabilized multifamily asset with strong in-place income in one of Berkeley's most sought-after areas.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$261 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UNDER CONTRACT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R-3

APN/PARCEL ID

053-1595-002-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.