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.
Property Details
Price:
$2,380,000
MLS #:
41073440
Status:
Active
Baths:
0
Address:
2005 Berkeley Way
Type:
Residential Income
City:
Berkeley
Listed Date:
Sep 17, 2024
State:
CA
ZIP:
94704
Lot Size:
6,120 sqft / 0.14 acres (approx)
Year Built:
1955
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Schools
Interior
Appliances
Gas Water Heater
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
6.00
Roof
Composition
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address2005 Berkeley Way Berkeley CA
- CityBerkeley
- CountyAlameda
- Zip Code94704
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2005 Berkeley Way
Berkeley, CA
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