2211 Haste Street
$2,410,000

2211 Haste Street

3,281 Sq.Ft.

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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Location

2211 Haste Street, Berkeley, CA 94704

Status

Sold
Jatin Mehta

Jatin Mehta

TITLE

Founder

Property Amenities

Interior
Laundry room In Unit
Flooring Wood
Other Interior Features Storage
Area & Lot
Lot Area 4,000 Sq.Ft.
Living area 3,281 Sq.Ft.
MLS® ID 41058871
Year Built 1906
Type Multi-Family
Status Sold
Exterior
Air conditioning Ceiling Fan(s)
Heat type Natural Gas
Sewer Public Sewer
Other Exterior Features Back Yard
Parking None
Lot Features Regular, Paved
Roof Shingle
Utilities Individual Electric Meter, Individual Gas Meter
Finance
Sales Price $2,410,000

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