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$ 2,500,000
Est. payment | /mo
6,865 Sqft Lot
$ 2,500,000
Est. payment | /mo
6,865 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41094858
HOA Y/N No
Year Built 1901
Lot Size 6,865 Sqft
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. Located at 2215 Cedar Street in the heart of North Berkeley, this property offers an excellent unit mix, consisting of six 1-bedroom units and one spacious 2-bedroom unit. This combination provides a versatile rental opportunity, catering to a range of tenants. Each unit has been extensively renovated, with modern finishes and upgrades that make them highly attractive in today's market. The improvements, which include new siding, a new roof, plumbing, electrical systems, windows, decks, stairs, and tankless water heaters, were all completed with permits, ensuring quality and compliance. The property is fully occupied and currently generates over $17,000 per month in rental income, with significant upside potential. With an estimated 15% to 20% increase in rents, there is ample room for growth in cash flow. Additionally, the property includes 1:1 off-street parking for tenants, providing convenience and ensuring a hassle-free living experience. Onsite coin-operated laundry facilities are available for tenant use, adding extra value and ease to everyday living. Situated just a short walk from UC Berkeley, 2215 Cedar Street offers an A+ location that is highly sought after by students and professionals alike.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Total Parking Spaces 7
Others
Tax ID 59225616
Listed by Jatin Mehta • Kite Hill Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "