1716 Rose St
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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.
- 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 | Apartment Style | Low Rise |
Price Per Unit | £375,263 | Building Class | C |
Sale Type | Investment | Lot Size | 0.16 AC |
Net Initial Yield | 6.04% | Building Size | 4,251 SF |
Sale Conditions | High Vacancy Property | Average Occupancy | 100% |
Gross Rent Multiplier | 10.05 | Number of Floors | 2 |
No. Units | 5 | Year Built | 1963 |
Property Type | Residential | Parking Ratio | 0.47/1,000 SF |
Property Subtype | Apartment |
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)
zoning
Zoning Code | R-2 |
R-2 |
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1716 Rose St
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