Property Detail

Description

Court Royal is a 24-unit multifamily property located at 2477 Virginia St in North Berkeley. Built in 1964, the 25,644 SF building sits on a 0.29-acre lot and includes (7) studios, (11) one-bedroom/one-bath, and (6) two-bedroom/two-bath units. The property offers 25 secure parking spaces and on-site laundry. Fully leased with strong in-place income and approximately 20-25% rental upside through turnover and interior upgrades. Located minutes from the University of California, Berkeley and the Gourmet Ghetto with a Walk Score of 90. Strong rental demand from students, faculty, and professionals. Seller financing available at 4.50%.