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Listed by Travis Raciti • Luxmore Real Estate
$1,995,000
Est. payment /mo
5,000 SqFt
Open 8/16 12:30PM-1:30PM
2807 Shattuck Avenue Berkeley, CA 94705
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Sun Aug 16, 12:30pm - 1:30pm
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $399
MLS Listing ID ML82056468
HOA Y/N No
Year Built 1896
Lot Size 5,760 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Chateau Shattuck is a rare 8-unit apartment community just steps away from UC Berkeley. This Victorian-style building offers a desirable unit mix of (5) studios, (2) 1 Bed 1 Bath, and (1) 3-bed 1 Bath unit. Strong, stable rental income $146,000 gross annual income and $98,000 NOI, reflecting a 4.6% cap rate at the current offering. Individually metered gas and electric by unit, on-site laundry facilities, parking lot in back and upside potential through unit-level renovations, rent optimization and ADU potential. An excellent addition to any multifamily portfolio in one of the East Bay's most enduring rental markets.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No
Window Features Double Pane Windows
Exterior
View Downtown, Hills
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