Multifamily For Sale

Overview

Highlights

• Two units non-rent controlled
• 2011 Rebuild with two new units
• Three blocks to UC Berkeley
• UC Berkeley ranks #1 Public University in US
• Low maintenance and vacancy
• Irreplaceable Asset
• High Demand, Spacious Units
• New Foundation, Roof, Siding and Plumbing/Electrical

Description

Team Chappell is pleased to present for sale 2023 Channing Way, a newly constructed, turnkey multifamily property. The subject property consists of six spacious units, all remodeled down to the studs in 2011. The entire property was rebuilt and expanded from it's original floor plan. Two of the units are not subject rent control as the city recognizes as new construction. Since completion, the property has operated with minimal maintenance or vacancy due to the unique layout, location and high construction quality. This is truly a unique opportunity to purchase an irreplaceable property close to UC Berkeley.

Location

Ideally located three blocks to UC Berkeley's Southwest corner, 2023 Channing is situated in the heart of one of Berkely's most desirable neighborhoods. Residents are walking distance (0.5 Miles) from campus and less than one block from the myriad of retail and dining options along Shattuck Avenue. Downtown Berkeley BART is located less than a 5-min walk, making this an ideal location for students and young professionals looking to commute around Berkeley and the surrounding Bay Area. With a 98 Bike Score and 97 Walk Score, this highly sought after location continues to command premium rents and near zero vacancy.

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