Berkeley, CA 94706,1115 Harrison Street

$725,000

$699,000

3.7%
Est.Price: ?

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Est. payment /mo

3 Beds

2,040 SqFt


SOLD DATE : 05/29/2024

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

Bedrooms 3

HOA Y/N No

Year Built 1946

Lot Size 5,110 Sqft

Acres 0.12

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

Area Listing

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Flooring Hardwood, Linoleum, Carpet

Fireplace No

Appliance Dryer, Washer

Exterior

Exterior Feature Side Yard

Parking Type Off Street

Building

Lot Description Corner Lot

New Construction No

Others

Tax ID 60241042

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Bridge MLS
Listed by Mikayla Weissman • Avenue 8 Inc.
Bought with JohnVander Meulen
agent-avatar

+1(888) 897-9667

support@houstir.com

1300 Eastman Ave, Ventura, California, 93003

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