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2228 Mcgee Ave Berkeley, CA 94703
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Key Details
Sold Price $1,425,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40971771
Sold Date 12/10/21
HOA Y/N No
Year Built 1968
Lot Size 4,791 Sqft
Property Sub-Type Quadruplex
Property Description
The price is right when it comes to 2228 McGee Avenue. Listed at $1.3MM, this four-unit, 3,358 square foot property is an astounding bargain given the competitiveness of the local marketplace. Rental upside is a huge bonus with this property (current rents are 45% below the current market value)—as future vacancies emerge, the new owners will be able to pick their own tenants and set their own monthly rates. Each unit follows a two-bedroom, 1-bathroom layout, and, the units are on the larger-side of what's available in the region. Proximity to key amenities (BART, Ohlone Park, Strawberry Creek Park, Shattuck Avenue, UC Berkeley, etc.) will help 2228 McGee hold (and grow!) its value as a multifamily investment for years to come.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Gas Water Heater, Dryer
Exterior
Parking Features Carport
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 56200814
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Bought with Abhi Indap • Keller Williams Benchmark