Bought with John Vander Meulen • RE/MAX Accord
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Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,040 sqft
Price per Sqft $355
MLS Listing ID 41061300
Sold Date 05/29/24
HOA Y/N No
Originating Board Bridge AOR
Year Built 1946
Lot Size 5,110 Sqft
Property Description
For both investors and those looking to occupy one unit while renting out the others, this triplex presents an attractive investment opportunity with its upside potential for strong positive cashflow in the highly desirable Westbrae neighborhood of Berkeley. Three side by side 1bd/1ba units each with a private courtyard in front and bonus space on both sides. Double wide driveway for 2 off-street parking spots. Held long-term by one family for generations, the building has impressive potential to be a lucrative investment with a projected gross annual income of approximately $85,000 based on current fair market rent yielding a Cap Rate of 7.3%. Unit 1119 will be delivered vacant allowing the option of owner-occupant financing; Units 1117 & 1115 are occupied by long-term tenants.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Hardwood, Linoleum, Carpet
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Corner Lot
Water Public
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