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Key Details
Sold Price $2,410,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,281 sqft
Price per Sqft $734
MLS Listing ID 41058871
Sold Date 06/03/24
Bedrooms 10
HOA Y/N No
Year Built 1906
Lot Size 4,000 Sqft
Acres 0.09
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. OFFERS MAY 22ND BY NOON. Discover an exceptional investment opportunity at 2209-2211 Haste, a recently renovated duplex in the heart of Southside Berkeley just 2 blocks to campus. With a strong in-place income, this property offers an attractive combination of reliable returns, attractive metrics, and substantial upside potential. This property generates $15,800/month, resulting in an impressive annual income of $189,600, ensuring a steady and consistent cash flow. Priced at a competitive 10.88 Gross Rent Multiplier (GRM) and a 6.01% Cap Rate, it immediately delivers value for savvy investors. Additionally the property offers significant upside – 25% growth in rents and comes with plans for a 2 bed, 1 bath ADU. (Permit expired – buyer needs to resubmit the previously approved plans for a new permit.) Tailored for the student rental market, 2209-2211 Haste offers a total of 10 bedrooms and 5 bathrooms, including a spacious 7-bedroom, 3-bathroom layout and a comfortable 3-bedroom, 2-bathroom unit. This versatility caters to the diverse needs of the student population. The property's prime location just steps from the University of California Berkeley, with remarkable walk, transit, and bike scores.
Location
State CA
County Alameda
Area Listing
Rooms
Basement None
Interior
Interior Features Storage
Heating Natural Gas
Cooling Ceiling Fan(s)
Flooring Wood
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Back Yard
Utilities Available Individual Electric Meter, Individual Gas Meter
Building
Lot Description Regular, Paved
New Construction No
Others
Tax ID 055 188801700
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with NoahMatthew