$2,410,000
$2,125,000
13.4%For more information regarding the value of a property, please contact us for a free consultation.
2211 Haste Street Berkeley, CA 94704
3,998 Sqft Lot
Key Details
Sold Price $2,410,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41058871
Sold Date 06/03/24
HOA Y/N No
Year Built 1906
Lot Size 3,998 Sqft
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
Interior
Heating Natural Gas
Flooring Wood
Fireplace No
Exterior
Garage None
Parking Type None
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 055 188801700
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
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Bought with Noah Matthew • The Agency