1616 Prince Street
About this property
1616 Prince Street is a fantastic 5-unit property in South Berkeley located in a designated Opportunity Zone census tract and eligible for potential tax benefits / preferential tax treatment. The property is comprised of FOUR 1-bedroom, 1-bathroom units in one building and a separate detached unit in the back. The rear unit has 2-bedrooms and 1-bathroom upstairs and a possible third bedroom area downstairs. The rear unit and two of the 1-bedroom units are vacant and can be leased out at market rents. The three vacant units have been recently updated with new flooring, recessed lighting, stainless steel appliances, quartz or granite countertops, new interior and exterior paint and much more. Each unit has its own separate water and electric meter so the only monthly utility expense for the landlord is refuse pick-up. This property also has a courtyard area in the middle that can be used for tenant parking or for community outdoor entertainment. With this property, owner and tenants gain access to Berkeley's excellent public school system! Nearby shopping includes Berkeley Bowl Marketplace, Whole Foods and many cafes and restaurants. Walking distance to Ashby Bart, UC Berkeley, Downtown Berkeley, K-12 Schools, San Pablo Park and so much more.
Presented By Sergio Sosa, Real Estate Broker
