2135 Cedar St, Berkeley, CA 94709

Property Description

This property is a 20 bed Student Housing property located in the Gourmet Ghetto, just a few blocks from UC Berkeley's Campus. The location is ideal for students offering a plethora of great restaurant options, grocery stores, parks while being close to Campus, Downtown and Public Transit options. This property is extremely well-run providing a great return on investment. The rental demand among students is very strong due to the strong marketing and word of mouth around campus. Because of this, all rents are at market rate; providing very strong cash flow. Sales Metrics: -In place 9.13% CAP Rate & 7.16 GRM -$112,500 price per Bed The property is the perfect place for students to call home, here is a partial list of the house's features: -Large living room/dining room -Fully-equipped Gourmet Kitchen -Private, outdoor Redwood Deck -3 Full Bathrooms -All new systems (electrical, plumbing, foundation, etc.) -Blazing Fast Internet for Students -Color Laser Printer -On-site Free Laundry -Locked Bike Storage