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Key Details
Sold Price $1,710,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40880023
Sold Date 10/18/19
HOA Y/N No
Year Built 1967
Lot Size 5,227 Sqft
Property Description
In one of Berkeley’s up and coming neighborhoods sits a pristine multifamily property that’s been professionally managed and maintained for years—906 Channing Way. With four, two-bedroom units that feature their own parking spaces and in-unit laundry hookups, future owners will find themselves with apartments that are always in demand. On-property amenities aside, the property is positioned near a number of essentials that Berkeley renters love, including Berkeley Bowl, two BART stations, the San Pablo and University Avenue commercial corridors, and the Berkeley Marina. One of the four units will be delivered vacant at close and the remaining three units are NOT subject to rent control due to existing Section 8 and Shelter Plus leases, thus allowing owners strong and predictable cash flow and the ability to increase future rents to near-market rent levels.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Electric Water Heater
Exterior
Parking Features On Street
Roof Type Composition
Building
Sewer Shared Septic
Others
Tax ID 5619392
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Bought with John Kirkish • Flat Rate Realty