$4,415,000
$4,500,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
7,600 SqFt
SOLD DATE : 08/12/2022
Key Details
Sold Price $4,415,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,600 sqft
Price per Sqft $580
MLS Listing ID ML81890846
Sold Date 08/12/22
HOA Y/N No
Year Built 1962
Annual Tax Amount $56,998
Lot Size 10,001 Sqft
Acres 0.2296
Property Description
BUY A PROVEN PERFORMER: TIRELESS CASH-COW - Low Vacancy, High Rental Demand, Consistent Rental Income 8 Townhouse-Style Apartment Home Units (All 3 BR / 1 BA on 2-Levels) Each Unit Offers Private Front Yard & Enclosed Garage Parking. Current Cap Rate: 4.66% / Pro-Forma Cap Rate: 5.2% Current GRM: 14.1 / Pro-Forma GRM: 13.1 Cost/SF: $592/SF Consistent Rental History with Low Tenant Turnover Excellent Unit Mix All 8 Units Offer Three (3) BR / One (1) BA Units Townhouse Style on 2-Levels Attractive Assumable Loan From Provident CU 3 of 8 Units Receive Partial Housing Assistance, Providing Steady Rent Collection Supply-Constrained Core Mid-Peninsula Submarket Ideal Housing (3 BR + Private Yard + Enclosed Garages) for Working Families Easy Access to Highway 101, Marsh Rd, Woodside Rd, El Camino Real Proven Performer With Solid Cashflow & Value Appreciation Building SF: 7,600 SF / Lot Size: 10,000 SF / Cost Per SF: $592/SF
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 055031230
Security Features Security Lights
Financing Conventional
Special Listing Condition Standard
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Bought with Michael Henshaw • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States