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(408) 425-9359
Real Estate Company
2211 Haste Street, Berkeley, CA 94704
- $2,410,000
- 10
- BD
- 3,281
- SqFt
Listed by Jatin Mehta, (949) 929-9562 from Pellego
(If provided) CoList: from
Sold listing courtesy of Noah Matthew from OBAGENCY
- Sold Price
- $2,410,000
- List Price
- $2,410,000
- Closing Date
- Jun 03, 2024
- MLS#
- EB41058871
- Status
- SOLD
- Sqft. of Residence
- 3,281
- Lot Size
- 4,000
- Listing Area
- Berkeley Map Area 9
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.
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Additional Information
- Acres
- 0.09
- Age
- 118
- Amenities
- Storage Area(s)
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Floor Covering
- Wood
- Garage Parking
- No Parking
- Heating System
- Gas
- Laundry Facilities
- Laundry Area - In Unit
- Living Area
- 3,281
- Lot Description
- Regular
- Lot Size
- 4,000
- Neighborhood
- Berkeley Map Area 9
- Numberof Units
- 2
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
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