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.
Sold for $2,410,000 on 06/03/24
$2,410,000
2211 Haste St, Berkeley, CA 94704
10beds
5baths
3,281sqft
Duplex
Built in 1906
-- sqft lot
$1,997,700 Zestimate®
$735/sqft
$4,434 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: June 04, 2024 at 12:42pm
Listed by:
Jatin Mehta DRE #02045713 949-929-9562,
Pellego
Bought with:
Noah Matthew, DRE #01941818
The Agency
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41058871
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
Heating
- Natural Gas
Cooling
- Ceiling Fan(s)
Appliances
- Laundry: In Unit
Features
- Storage
- Flooring: Wood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 3,281
- Total interior livable area: 3,281 sqft
Property
Parking
- Parking features: None
Features
- Exterior features: Back Yard
Lot
- Size: 3,920 sqft
- Features: Regular, Paved
Details
- Parcel number: 055 188801700
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood
Condition
- Year built: 1906
Utilities & green energy
- Utilities for property: Individual Electric Meter, Individual Gas Meter
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Berkeley
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
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Estimated market value
$1,997,700