2711 Shattuck Ave, Berkeley, CA 94705

2711 Shattuck Ave is a newly constructed (built in 2018), 4-story apartment building featuring 22 fully furnished studio units on Shattuck Ave in South Berkeley. This prime location is just steps from UC Berkeley, Downtown Berkeley, and the Southside Neighborhood. The building showcases cutting-edge prefabricated modular steel construction, offering a unique chance to acquire a modern property at an attractive basis under $240,000 per unit. There is assumable debt available with a 3.93% 5-year fixed interest rate at ~60% loan-to-value ratio amortized over 30 years making the cash-on-cash return of this newly constructed investment property roughly 5%. The unit's size range from 306-327 SF and feature 9 ft ceilings, operable oversized floor-to-ceiling dual pane windows with custom blackout fabric roller shades and individually controlled & metered AC/Heat mini split units. The modern interior finishes include a custom murphy bed that doubles as a sofa, custom cabinetry, stone counter tops, stainless-steel Energy Star appliances, oversized showers with subway tile surrounds & glass swinging doors, full-width vanities with quartz counter tops and porcelain tile flooring. The units are individually metered for electric and submetered for water.