Kent Mitchell 510-548-2554 | Tim Warren 510-336-4719

1138 Addison St

Home/1138 Addison St

1138 Addison St

1138 Addison St Berkeley, CA 94702
Price: $ 1,095,000
Property Size: 2,682 sqft
Cap Rate: 6.71%
NOI: $ 73,477
Lot Size: 4,000 sqft
Units: 4
Year Built: 1966
Status: For Sale

The Mitchell Warren Team is pleased to present 1138 Addison Street, a four-unit multifamily building located in Poet’s Corner. The property consists of one 3-bedroom, 1-bathroom apartment and three 1-bedroom, 1-bathroom apartments. Tenants will enjoy the convenience of four off-street parking spaces and on-site laundry. Currently, one unit is vacant, allowing the new owner the chance to either to occupy it or rent it at market rate. This is a rare opportunity to purchase an asset with strong in-place income in a premium Berkeley location.