3028 Colby St, BERKELEY, CA

$2,399,888

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4,346

Square feet

0.13

Acres

About 3028 Colby St

5.81% 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. Units are 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.

Features of 3028 Colby St

MLS® # ML81951494
Price $2,399,888
Square Footage 4,346
Acres 0.13
Year Built 1910
Type Multi-Residential
Sub-Type Five or More Units
Status Active

Community Information

Address 3028 Colby St
Area Berkeley Map Area 9
City BERKELEY
County Alameda
State CA
Zip Code 94705

Amenities

Utilities Individual Electric Meters, Individual Gas Meters
Is Waterfront No

Interior

Heating Gas Heat
Cooling Central Forced Air - Gas
Fireplace No

Exterior

Roof Other Roof, Shingle Roof
Foundation Concrete Perimeter

Additional Information

Zoning R-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRamsin Jacob
OfficeReal Brokerage Technologies
Contact Info408-909-0900

Listing Map

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