3028 Colby Street Berkeley, CA 94705
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.
- Property TypeCommercial
- NeighborhoodN/A
- CountyAlameda
- Taxes$34,790
- HOA/Condo/Coop Fees$0
- Days on Site126 Days
- MLS StatusActive
- MLS ID NumberML81951494
- Home Size Source Assessor
- Year Built1910
- Lot Size0.1309 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Acreage 0.1309
- Water Public
- Zoning R-3
- Listing Conditions Standard
Interior Features
- Cooling Gas
Exterior Features
- Roof ShingleOther
Community Features
- Association Dues 0
- MLS Area 699 - Not Defined