1801 Milvia
Berkeley, CA 94709
0.09 acres | #41092602
Description
New to market, 1801 Milvia Street, a turnkey property comprising 5 fully remodeled units exuding modern elegance. The 3-story property consists of a desirable unit mix of one (1) 2bd/1ba unit, two (2) 4bd/2ba units, one (1) 2bd/2ba unit, and one (1) studio unit. With a new roof, electrical, and plumbing, this property offers the perfect blend of classic charm and contemporary convenience. Ideally situated just two blocks from UC Berkeley's main campus and a short walk from the Downtown BART Station, it provides unmatched access to the entire Bay Area. Strong cashflow with 10.5 GRM and 6.61% Cap Rate day one! The subject property is located less than four blocks from the northwest corner of campus, west of MLK Jr. Way, and near the public parks along Hearst Ave. This property appeals to students and commuters alike as it is conveniently located a few blocks from Downtown Berkeley BART Station, opening up access to the entire Bay Area. This property's size and location will continue to demand premium renters and maintain a very low vacancy rate.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Original List Price$2,800,000
- MLS #41092602
- MLS #41092602
- CountyAlameda
- Cost2800000
- Acres0.09
- Year Built1908
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Grant Chappell (#BMLS-R01700439)
Listing Office: NAI Northern California (#BMLS-OBOJMTB)
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