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Berkeley, CA 94706-2205,1115 Harrison Street
Berkeley, CA 94706-2205,1115 Harrison Street
Berkeley, CA 94706-2205,1115 Harrison Street
$725,000
Est. payment /mo
$699,000
3.7%
Est.Price: ?

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5,109 Sqft Lot
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

MLS Listing ID 41061300

Year Built 1946

Lot Size 5,109 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

Flooring Carpet, Laminate, Wood

Exterior

Parking Features On Street

Roof Type Shingle

Building

Lot Description Corner Lot, Yard

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California Regional MLS (CRMLS)
Listed by Mikayla Weissman • Avenue 8 Inc.
Bought with John Vander Meulen • RE/MAX Accord
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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