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Listed by Steve Zirelli • Cornish & Carey Commercial
$ 2,625,000
Est. payment | /mo
3,540 SqFt
$ 2,625,000
Est. payment | /mo
3,540 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,540 sqft
Price per Sqft $741
MLS Listing ID ML82039992
HOA Y/N No
Year Built 1954
Lot Size 8,797 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
3071 3083 William Avenue in Redwood City presents an investor the unique opportunity to own three contiguous duplexes. All 6 homes included in the offering are Two-Bedroom / One Bath units, consisting of 3,540 building SF on an 8,797 SF lot. All units are fully occupied bringing in excellent rents creating attractive cash flow immediately for a new owner. All tenants are currently on a RUBS program (Ratio Utility Billing System), allowing the landlord to recapture a significant amount of expenses. Additionally, all units are individually metered for water and tenants pay their own bills, extremely rare and attractive for a 6-unit building. All duplexes have carport parking in the rear which offers the ability to create private patios / yards. The properties are in close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination.
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling None
Fireplace No
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Melanie Peterson-Katz
Partner | Lic# 00890767