Bought with John Kirkish • Flat Rate Realty
$1,710,000
$1,500,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
906 Channing Way Berkeley, CA 94710
3,464 SqFt
Key Details
Sold Price $1,710,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,464 sqft
Price per Sqft $493
MLS Listing ID 40880023
Sold Date 10/18/19
HOA Y/N No
Year Built 1967
Lot Size 5,400 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
In one of Berkeley's up and coming neighborhoods sits a pristine multifamily property that's been professionally managed and maintained for years—906 Channing Way. With four, two-bedroom units that feature their own parking spaces and in-unit laundry hookups, future owners will find themselves with apartments that are always in demand. On-property amenities aside, the property is positioned near a number of essentials that Berkeley renters love, including Berkeley Bowl, two BART stations, the San Pablo and University Avenue commercial corridors, and the Berkeley Marina. One of the four units will be delivered vacant at close and the remaining three units are NOT subject to rent control due to existing Section 8 and Shelter Plus leases, thus allowing owners strong and predictable cash flow and the ability to increase future rents to near-market rent levels.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate, Tile, Carpet
Fireplace No
Appliance Electric Water Heater
Laundry Washer/Dryer Hookups
Building
Lot Description Regular
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