3028 Colby Street
3028 Colby Street
$2,499,888
—
4,346
4,346
$575
Description
5.12% cap! Nestled in the peaceful Elmwood district of Berkeley, 3028 Colby graces the end of a serene cul-de-sac. Consisting of 5 units, 3 of 5 units are fully remodeled, with the largest unit featuring a new custom floor plan. All units are now leased to long-term tenants at full market value, showcasing the meticulous effort put into this investment. With all the hard work completed, the only thing left is to relax & enjoy the steady cash flow from this turnkey investment. Next to Alta Bates Medical...5.12% cap! Nestled in the peaceful Elmwood district of Berkeley, 3028 Colby graces the end of a serene cul-de-sac. Consisting of 5 units, 3 of 5 units are fully remodeled, with the largest unit featuring a new custom floor plan. All units are now leased to long-term tenants at full market value, showcasing the meticulous effort put into this investment. With all the hard work completed, the only thing left is to relax & enjoy the steady cash flow from this turnkey investment. Next to Alta Bates Medical Center, shopping, Whole Foods & just over a mile from the UC Berkeley campus. The front building features a 3-beds, 2-baths unit on the ground floor, complemented by two 1-bed, 1-bath units on the second floor. The rear building hosts a 2-bed, 1-bath unit on the top floor, and a 2-bed, 2-bath unit on the ground floor. Individual metering for electric, gas, & water in each unit places utility responsibility on the tenants, while the landlord covers garbage utilities. On-site parking & coin-operated laundry facilities for additional owner income. Enhanced with upgrades, an exceptional opportunity to acquire a building with robust cash flow & minimal expenses in this highly sought-after area. All of the makings for a stand out turnkey plug & play investment in a prime location.
- Listed by Ramsin Jacob • DRE #02003060 • Brokerage DRE #02022092 • Real Brokerage Technologies • 408-909-0900
Property Details for 3028 Colby Street
MLS City Name
BERKELEY
Building TypeOther
Garage Spaces0
Parking Spaces0
Location
LISTING UPDATED: 04/17/2024 04:52 PM
Property Details for 3028 Colby Street
Status | Active |
---|---|
MLS # | ML81951494 |
Days on Compass | 127 |
Taxes | $34,790 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1910 |
Lot Size | 0.13 AC / 5,700 SF |
County | Alameda County |
Location
Building Information for 3028 Colby Street
Stories-Residences-Year Built1910Building Size-Lot Size0.13 AC / 5,700 SF
Payment Calculator
$16,542 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3028 Colby Street
Property History for 3028 Colby Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3028 Colby Street
Taxable ValueLand$625,000Additions$1,825,000Total$2,450,000
Tax Record2023$37,051 ($3,088 / month)
Home Facts
Total Finished SqFt4,346 SqFtAbove Grade Finished SqFt4,346 SqFtStories2Lot Size5,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyALAMEDAAPN52-1574-21
Schools near 3028 Colby Street
This home is within Berkeley Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
John Muir Elementary School PublicK to 5 | ||
Malcolm X Elementary School PublicK to 5 | ||
Emerson Elementary School PublicK to 5 | ||
Willard Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.