5.12% CAP! Nestled in the peaceful Elmwood district of Berkeley, 3028 Colby graces the end of a serene cul-de-sac. Consisting of 5 units, 3 of 5 units are fully remodeled, with the largest unit featuring a new custom floor plan. All units are now leased to long-term tenants at full market value, showcasing the meticulous effort put into this investment. With all the hard work completed, the only thing left is to relax & enjoy the steady cash flow from this turnkey investment. Next to Alta Bates Medical Center, shopping, Whole Foods & just over a mile from the UC Berkeley campus. The front building features a 3-beds, 2-baths unit on the ground floor, complemented by two 1-bed, 1-bath units on the second floor. The rear building hosts a 2-bed, 1-bath unit on the top floor, and a 2-bed, 2-bath unit on the ground floor. Individual metering for electric, gas, & water in each unit places utility responsibility on the tenants, while the landlord covers garbage utilities. On-site parking & coin-operated laundry facilities for additional owner income. Enhanced with upgrades, an exceptional opportunity to acquire a building with robust cash flow & minimal expenses in this highly sought-after area. All of the makings for a stand out turnkey plug & play investment in a prime location.
MLS #
ML81951494
MLS Source
MLSListings, Inc.
Days on Site
122
Buyer's Brokerage Compensation*
2.50
Cooling
Central Forced Air - Gas
Heating
Gas
Roof
Other, Shingle
Foundation
Concrete Perimeter
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Elementary District
Berkeley Unified
High School District
Berkeley Unified
Sewer
Public Sewer
Water
Public
Zoning
R-3
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | 5 | 5 |
3028 Colby St is a Residential Income in Berkeley, CA 94705. This 4,346 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,499,888 and was built in 1910.
This address can also be written as 3028 Colby St, Berkeley, CA 94705.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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This listing information is up-to-date as of April 17, 2024. For the most current information, please contact Ramsin Jacob, (408) 909-0900