1406 Henry Street , Berkeley , CA   94709; Multifamily Properties For Sale; A-1 in Alameda County

1406 Henry Street , Berkeley , CA 94709; Multifamily Properties For Sale; A-1 in Alameda County


1406 Henry Street , Berkeley , CA   94709; Multifamily Properties For Sale; A-1 in Alameda County

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Price:  $5,250,000
No. Units:  24
Building Size:  18,765 SF
Lot Size:  0.37 AC
Property Type:  Multifamily
Property Sub-type:  Garden/Low-Rise
Status:  Active

 

Property Description

Colliers International is pleased to present the opportunity to purchase 1406 Henry Street, in Berkeley, California. This unique investment presents an investor with an opportunity to acquire a well located apartment building in a supply constrained market. The three-story apartment building has an underground parking garage, an on-site laundry facility and a 4-stop elevator. " Walking distance to UC Berkeley, Bart, Shopping, retail " Recent capital improvements of approximately $500,000 " In-place average rents 45% below market " 100 yards from brand new Safeway " Extremely supply constrained market " Large, flexible floor-plans (746 SF) " 22-stall parking garage, large tenant storage units

Location Description

The property is situated in the vibrant North Shattuck neighborhood, in an area that is popularly known as the Gourmet Ghetto . This area is characterized by an eclectic mix of gourmet restaurants and boutiques, galleries, spas, cafes and entertainment venues, and is home to the world renowned Chez Panisse Restaurant, and the original Peet’ s Coffee & Tea.

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