1716 Rose St
- Versatile Unit Mix: Includes a spacious 2-bed, 1-bath unit (with the potential to convert to a 4-bed, 1-bath), two 1-bed, 1-bath units featuring soaring ceilings, and two 3-bed, 2-bath units.
- Turnkey Furnished Rental Opportunity: 1716 Rose St has a history of being a successful medium-term furnished rental. The property comes fully furnished, offering a hassle-free investment.
- Owner-Occupancy Potential: This property is perfect for owner-occupiers, with the rare opportunity to have all units vacant at the time of purchase, providing flexibility and convenience for buyers.
- Robust Cash Flow: Currently generating nearly $20,000 per month in gross income, offering strong in-place cash flow for investors.
- Spacious Living: Boasting 4,251 square feet of total living space, with each unit averaging 850 square feet, residents can enjoy an open, comfortable environment.
- Convenient On-Site Amenities: Shared laundry facilities on the property provide added convenience, increasing tenant satisfaction and boosting the property’s appeal.
- Prime Location: Nestled in a coveted North Berkeley neighborhood, just 1 mile from the University of California, Berkeley. With an 86 walk score, 62 transit score, and 86 bike score, residents are within easy reach of popular restaurants, shops, and more.
- Well-Maintained Property: Thanks to its use as a medium-term rental, the owners have kept the property in excellent condition, upgrading units over the course of ownership.
Property Description
Welcome to 1716 Rose St, a versatile and well-appointed property in the heart of North Berkeley. This multifaceted building offers an array of living options, including a spacious 2-bedroom, 1-bath unit that can be converted into a 4-bedroom residence, two charming 1-bedroom, 1-bath units with high ceilings, and two large 3-bedroom, 2-bath units. With over 4,251 square feet of total living space, each unit averages 850 square feet, providing ample room for comfortable, modern living. The on-site shared laundry facilities add convenience and appeal, making it an attractive option for both tenants and owner-occupiers. This property is an ideal turnkey investment opportunity. Historically a successful medium-term rental, 1716 Rose St is being sold fully furnished, allowing investors to step into immediate cash flow with nearly $20,000 per month in gross income. Its meticulously maintained condition, thanks to consistent rental demand, ensures a hassle-free purchase with strong in-place cash flow. Moreover, with all units potentially vacant upon sale, owner-occupiers have the rare chance to personalize their living space or handpick tenants to suit their needs. Situated in a highly desirable location just one mile from UC Berkeley, this property boasts impressive walkability and access to public transportation. With an 86 walk score, 62 transit score, and 86 bike score, residents can easily explore nearby restaurants, shops, and cultural destinations. The property’s well-maintained status and prime location ensure lasting appeal for tenants and long-term value for investors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,398,000 |
| No. of Units: | 5 |
| Year Built: | 1963 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Price per unit: | $479,600 |
| Property Website | Click Here |
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