2223 Bonar St, Berkeley, CA 94702

$5,549,000

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Listed by David Howarth, (510) 822-1331 from The Pinza Group, Inc
(If provided) CoList: from

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List Price: $5,549,000
MLS#: EB41151589
Status: ACTIVE
Lot Size: 17,000
Listing Area: Berkeley Map Area 7
Year Built: 1960

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Property Description

Showing: Sunday 10/18 from 1:00-3:00pm. 16-unit apartment complex spread across two 8-unit buildings (2223-2227 Bonar St) with strong current income and excellent rental upside. The unit mix is ideal, offering ten 3bd/1bth units and six 2bd/1bth units. The properties were built in 1960, offer a combined building size of 14,380 square feet, and a combined lot size of 17,000 square feet, with gated, off-street parking for all the tenants. Many of the units have been fully remodeled and offer new kitchens, new bathrooms, new wood flooring, double pane windows, custom lighting and tile, mature landscaping, new fences, upgraded electrical and plumbing, newer exterior and interior paint, and more. The property is easy to manage and is separately metered for water and PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The property is ideally located in Berkeley's desirable Poet's Corner/West Berkeley area, offering tenants easy access to popular restaurants, coffee shops, shopping centers, grocery stores and BART. The neighborhood is highly walkable and exceptionally bike-friendly, providing easy access diverse selection of restaurants, cafés,

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Additional Information

Acres: 0.39
Amenities: Other
Cooling System: Other
Exterior Features: Other
Floor Covering: Other, Carpet - Wall to Wall, Wood
Garage Parking: Parking Area
Heating System: Wall Furnace
Lot Description: Other
Lot Size: 17,000
Neighborhood: Berkeley Map Area 7
Numberof Units: 16
Roof: Other
Unincorporated Yn: Yes

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Fine Group Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . 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.