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Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Central Berkeley
MLS Listing ID 41048962
Sold Date 05/31/24
HOA Y/N No
Year Built 1912
Lot Size 5,166 Sqft
Property Description
Whether you’re hoping to explore the beauty of Berkeley’s waterfront or the manicured lawns of UC Berkeley, nothing is more than a few minutes away from the front door of 2210 MLK Jr. Way. This turnkey, a triplex (two 5BR/2BA + one 6BR/1BA) plus an ADU (5BR/2BA) property was fully remodeled in 2022 and comes with the most modern amenities. Since its completion in 2023, it’s been professionally managed by the Berkeley Group, a student housing provider in Berkeley that offers meticulous property oversight and upkeep. Current occupants generate an impressive amount of cash flow (approximately $37,000 per month) and that number is poised to increase in the years ahead as housing demand grows. For prospective investors looking to park their money in a well-located, stable, and cash flow-heavy property that requires minimal in the way of upkeep or capital investments, 2210 MLK Jr. Way is worthy of immediate consideration.
Location
State CA
County Alameda
Zoning R-2
Interior
Heating Electric, Heat Pump, Natural Gas
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Wood
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Garage On Street
Total Parking Spaces 4
Building
Lot Description Back Yard, Front Yard, Street Level
Sewer Public Sewer
Others
Tax ID 5720187
Financing Conventional
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Bought with Martin Cai • eXp Realty of California
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130