MLS® ID: 40870749
968 Addison St
BERKELEY, California, 94710 $4,250,000
Over 8% Cap Rate on Market Rents! 4.7% Cap Rate Day 1! 18 units in West Berkeley with huge upside potential. Situated on nearly half an acre and with one to one parking, this property offers tremendous intrinsic value with long term development potential. 968 Addison Street consists of twelve (12) 1-bed 1-bath units and six (6) 2-bed 1-bath units. Six of the units have recently been fully remodeled all the way down to the studs. With a market cap rate of over 8%, this building provides long term upside for future owner. The property is also located in an Economic Opportunity Zone.