1412 NINTH ST, BERKELEY CA 94710
- 8,450 sq.ft. lot
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. Nestled in the desirable Gilman District of Berkeley, 1412 Ninth Street is a well-maintained, 1958-vintage apartment building consisting of two fourplexes on a single lot. This property offers an ideal unit mix with (4) spacious 2-bedroom, 1-bath units and (4) cozy 1-bedroom, 1-bath units, providing a diverse and appealing living arrangement for tenants. On-site amenities include a coin-operated laundry facility, ample storage, and parking for up to 6 vehicles, ensuring convenience and comfort for residents. With a strong income potential, the property generates an average of over $1,900 per month per unit. There is also substantial upside in both gross rents, with a 20% potential increase, and Net Operating Income (NOI), which could rise by 30%. This makes 1412 Ninth Street a promising investment opportunity with plenty of room for growth in rental income. The property has been thoughtfully updated, with over half of the units featuring modern finishes. In addition, extensive capital improvements have been made, including updated bathrooms, new plumbing and electrical systems, roof replacements in 2012 and 2016, new energy-efficient windows, water heaters, and appliances.
Listing Courtesy of Jatin Mehta, Kite Hill Real Estate
Interior Features
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