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1616 Prince Street

Berkeley, CA 94703
  • $1,325,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 422668361
Price Reduced
UPDATED: 46 min ago
$1,325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,634
    SQFT
  • $503
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to bring to market a fantastic opportunity to own a five-unit property located at 1616 Prince Street in Berkeley California. The property is in a fantastic location just two blocks off Ashby Avenue and only five blocks from the Ashby Bart station. The property consists of four one-bedroom apartments and a nicely updated two-bedroom one-bathroom single family home that is soon to be vacant. The four one-bedroom apartments all have similar layouts with separate kitchen areas, a large living room and separate bedroom with a bathroom in the hallway. Two of the four apartments have been updated with new appliances, updated bathrooms, and updated kitchens. All of the units are separately metered for water and PGE. 1616 Prince street is an amazing opportunity for an owner user to own an investment where you can live in the single family home and rent out the other four units for additional income. Current Cap rate is 4.37% and GRM is 14.43

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© 2022 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated 2022-08-11T00:22:55.647.
www.sfhothomes.com/homes/129724029
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1616 Prince Street Berkeley, CA 94703

  • Price: $1,325,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 46 min ago
  • MLS #: 422668361
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,634
SQFT
$503
$/SQFT
Neighborhood:
Berkeley Map Area 8
County:
Alameda
Area:
Berkeley Map Area 8
Property Description
We are pleased to bring to market a fantastic opportunity to own a five-unit property located at 1616 Prince Street in Berkeley California. The property is in a fantastic location just two blocks off Ashby Avenue and only five blocks from the Ashby Bart station. The property consists of four one-bedroom apartments and a nicely updated two-bedroom one-bathroom single family home that is soon to be vacant. The four one-bedroom apartments all have similar layouts with separate kitchen areas, a large living room and separate bedroom with a bathroom in the hallway. Two of the four apartments have been updated with new appliances, updated bathrooms, and updated kitchens. All of the units are separately metered for water and PGE. 1616 Prince street is an amazing opportunity for an owner user to own an investment where you can live in the single family home and rent out the other four units for additional income. Current Cap rate is 4.37% and GRM is 14.43
Exterior Features

Independent Parking Spaces 0 Lot Features None Parking Features Carport Parking Total 2 Tandem Parking Spaces 0

Interior Features

Rooms Total 0 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4of Rooms 0

Property Features

Cap Rate 7.98 Number Of Units Vacant 1 Property Sub Type 5 Or More Units Special Listing Conditions None Subtype Description Apartments Unit Type Commercial Units Total 0 Unit Type Studio Units Total 0 Unit Type1 Bedroom Units Total 4 Unit Type2 Bedroom Units Total 1 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit2 Rent 0 Unit2 Rent1 0 Unit4 Rent 0

Listing provided courtesy of Joseph Levy of Marcus & Millichap.


© 2022 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated 2022-08-11T00:22:55.647.
 
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San Francisco CA, 94111