$1,995,000
Chateau Shattuck is a rare 8-unit apartment community just steps away from UC Berkeley. This Victorian-style building offers a desirable unit mix of (5) studios, (2) 1 Bed 1 Bath, and (1) 3-bed 1 Bath unit. Strong, stable rental income $146,000 gross annual income and $98,000 NOI, reflecting a 4.6% cap rate at the current offering. Individually metered gas and electric by unit, on-site laundry facilities, parking lot in back and upside potential through unit-level renovations, rent optimization and ADU potential. An excellent addition to any multifamily portfolio in one of the East Bay's most enduring rental markets.
Listed by Travis Raciti with Luxmore Real Estate (650) 799-9205
Property Type
Commercial Sale
Status
Active
MLS Number
ML82056468
Year Built
1896
Lot Size
5,759 sq ft
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26392645 Fulton St, Berkeley
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