2112 9TH ST BERKELEY, CA 94710

Features

• Lot Size: 0.11 acres
• Total Units: 6
• Total Rooms: 16
• Stories: 200
• Construction Type: Wood

Facts

• Year Built: 01/01/1962
• Property ID: 896999612
• MLS Number: 41038700
• Parcel Number: 56-1971-7
• Property Type: Multi-family (5 or more units)
• County: Alameda

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. Nestled just one block from the vibrant University Avenue and a mere 8-minute jaunt from UC Berkeley, this enchanting 6-Unit complex boasts an unbeatable location tailor-made for both scholars and professionals alike. Its cyclist-friendly lanes, swift access to I-80, and close proximity to public transit and the bustling 4th Street shopping district epitomize the epitome of convenience and a covetable lifestyle for its residents. This property, encompassing six units - including (4) inviting 1-bedroom units and two cozy studios - sprawls across approximately 2, 736 square feet and comes with 6 parking spaces, coin laundry and secure bike racks. Originally crafted in 1962, the complex gracefully occupies an expansive lot measuring roughly 5, 200 square feet, presenting an enticing opportunity for astute investors aiming to harness the escalating rental rates in the area. With an astonishing 42% upside in rental income potential, this property stands poised to yield an impressive annual income of $113, 942, translating into an estimated gross rental income that surges past $9, 495 each month, making it an irresistible proposition for those seeking substantial returns on their investments.