Jatin Mehta
Pellego
949-394-0149
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.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1074972633 | 2 | 3 | 0 | 0 |
2 | 1074972633 | 3 | 7 | 0 | 0 |
Total Baths: 0
Sewer : Public Sewer
Flooring: Wood
Air Conditioning
Natural Gas
Has Heating
Year Built: 1906
Construction: Wood Siding
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0918
Lot Size Source: Public Records
Lot Size Square Feet: 4000
Original List Price: 2,125,000
Listing Contract Date: 2024-05-08
Parcel Number: 055 188801700
Garage Description: None
Lease Term: Negotiable
Tenant Pays: Gas
Source Listing Status: Pending
Source Neighborhood:
Directions: google maps Cross Street: Fulton St.
Source Property Type: Residential Income
Property SubType: Duplex
Property Age: 118
Structure Type: Duplex
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Panoramic Place, Berkeley, CA,94704 | $39,000 | -- | -- | -- | 2613.6 Sqft |
Panoramic Pl, Berkeley, CA,94704 | $250,000 | -- | -- | -- | 7500 Sqft |
1904 Blake Street, Berkeley, CA,94704 | $845,000 | 3 | 2 | 1,057 | 3250 Sqft |
2611 Piedmont Ave #4, Berkeley, CA,94704 | $699,000 | 2 | 1 | 553 | 6279 Sqft |
2550 Dana St #8FG, Berkeley, CA,94704 | $799,000 | 2 | 2 | 1,200 | 10972 Sqft |
2 Panoramic Way #301, Berkeley, CA,94704 | $899,880 | 3 | 2 | 900 | -- |
2626 Benvenue Ave #4, Berkeley, CA,94704 | $565,000 | 1 | 1 | 670 | 8297 Sqft |
2416 Fulton St, Berkeley, CA,94704 | $1,195,000 | -- | -- | -- | 4000 Sqft |
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ByOwner last updated this listing 06/03/2024 @ 02:15
MLS: 41058871
LISTED BY: Jatin Mehta, Pellego
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.