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1716 Rose St

5 Unit Block of Flats £1,876,315 (£375,263/Unit) 6.04% Net Initial Yield Berkeley, CA 94703

Investment Highlights

  • Potentially Delivered Vacant
  • Owner-Occupancy Potential
  • Turnkey Finished Rental Opportunity
  • Versatile Unit Mix - 10 Bedrooms and 7 Bathrooms
  • $19,000 - $20,000 income per month

Executive Summary

To access marketing package copy/paste: https://bit.ly/kitehillre
- Versatile Unit Mix: Includes a spacious 2-bed, 1-bath unit (with the potential to convert to a 4-bed, 1-bath), two 1-bed, 1-bath units featuring soaring ceilings, and two 3-bed, 2-bath units.
- Turnkey Furnished Rental Opportunity: 1716 Rose St has a history of being a successful medium-term furnished rental. The property comes fully furnished, offering a hassle-free investment.
- Owner-Occupancy Potential: This property is perfect for owner-occupiers, with the rare opportunity to have all units vacant at the time of purchase, providing flexibility and convenience for buyers.
- Robust Cash Flow: Currently generating nearly $20,000 per month in gross income, offering strong in-place cash flow for investors.
- Spacious Living: Boasting 4,251 square feet of total living space, with each unit averaging 850 square feet, residents can enjoy an open, comfortable environment.
- Convenient On-Site Amenities: Shared laundry facilities on the property provide added convenience, increasing tenant satisfaction and boosting the property’s appeal.
- Prime Location: Nestled in a coveted North Berkeley neighborhood, just 1 mile from the University of California, Berkeley. With an 86 walk score, 62 transit score, and 86 bike score, residents are within easy reach of popular restaurants, shops, and more.
- Well-Maintained Property: Thanks to its use as a medium-term rental, the owners have kept the property in excellent condition, upgrading units over the course of ownership.

Property Facts

Price £1,876,315
Price Per Unit £375,263
Sale Type Investment
Net Initial Yield 6.04%
Sale Conditions High Vacancy Property
Gross Rent Multiplier 10.05
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 4,251 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1963
Parking Ratio 0.47/1,000 SF

Unit Amenities

  • Dishwasher
  • Heating
  • Crown Moulding
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Wooden Floors
  • Carpet
  • Yard
  • Dining Room
  • Family Room
  • Garden

Site Amenities

  • Courtyard
  • Fenced Lot
  • Sundeck

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 1 - -
1+1 2 - -
3+2 2 - -
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R-2
R-2
  • Listing ID: 33181695

  • Date on Market: 14/09/2024

  • Last Updated:

  • Address: 1716 Rose St, Berkeley, CA 94703

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