Berkeley CA  home offered at $790,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

2227 Mcgee Avenue
Berkeley, California CA 94703
Sold For: $860,000
Listing ID: ML81912618
Price/SqFt: $348.88
Status: Closed
Sold Date: 3/30/2023
SqFt: 2,465 Sq Ft
Acres: 0.119 Acres
Year Built: 1921

Triplex for Sale in Strong Central Berkeley Location! Property features (3) FULLY OCCUPIED, 2 bed/1bath Units, all currently Occupied Generating $66,792 in Annual Income. Huge Upside in Rents Allowing for a Potential 8% Market Cap! 2227 McGee is a Stable Investment Property in a Quiet Tree Lined Street Just Moments from the Cultural Amenities of Downtown Berkeley. NO SHOWINGS UNTIL TOUR February 21st from 11 to 1pm.

Primary Features

County: Alameda
Price Before Reduction: 1180000
Price Reduction Date: 2023-02-08T19:33:10+00:00
Price/SqFt: 348.88
Property Sub Type: Triplex
Property Type: Residential Income
Year Built: 1921
Zoning: NA

Interior

Cooling: no
Cooling Type: None
Stories Total: 1

External

Lot Size Area: 5200
Lot Size Source: Assessor
Lot Size Square Feet: 5200
Number Of Buildings: 1
Roof: Shingle
Sewer: Public Sewer

Location

MLS Area Major: 699 - Not Defined

Additional

Accessibility Features: Other
Association: no
Days On Market: 56
List Agent State License: 01464424
List Office State License: 01908304
Lot Size Units: Square Feet
Parcel Number: 0562009026
Year Built Source: Assessor

Financial

Cap Rate: 5.44
Gross Scheduled Income: 66792
Insurance Expense: 1109
Maintenance Expense: 1500
Other Expense: 7000
Special Listing Conditions: Standard
Tax Annual Amount: 9616
Total Expenses: 22505
Trash Expense: 1200

Zoning Info


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Based on information from CARETS as of Tuesday, April 16th, 2024 02:10:47 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: NeelBhatia, DRE #01464424 from Coldwell Banker Realty

Contact - Listing ID ML81912618

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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