2334 Browning

Great cash flow from this well maintained and managed 6 plex on a quiet street in the heart of Berkeley’s Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, new appliances, new granite countertops, tile flooring and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen remodeled. Off-street parking for all 5 two-bedroom units. Low maintenance landscaping, separate PG&E, separate water meters, and laundry room with leased coin operated machines. 8 blocks to North Berkeley BART, 3 blocks to West Berkeley’s vibrant restaurant district. 1 1/2 blocks to AC bus that goes to UC Berkeley and BART. 3 blocks to 3 other AC bus lines that go to Berkeley Amtrak and among other destinations. Priced at 11.2 X GRM and a 6% cash on cash return. Potential for increased cash flow with future tenant turnover. Strong existing rents. Priced at $440 per square foot. This pride of ownership building provides a solid investment for years to come.