146 Madison Avenue Pending Save Request In-Person Tour Request Virtual Tour
Redwood City,CA 94061
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,944 sqft
Price per Sqft $521
MLS Listing ID ML82016541
HOA Y/N No
Year Built 1958
Lot Size 7,000 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
True turnkey apartment building in excellent Redwood City location. Attractive Unit Mix: (2) Two-Bedroom / One Bath Units & (5) One-Bedroom / One-Bath Units. Four of the seven units are renovated. Several recent capital improvements including New roof, upgraded electrical meeting current insurance requirements, new catwalk, new exterior paint, new drainage & new water heater. Day One 4.53% Cap Rate (true Cap Rate w/ fair underwriting). Zero deferred maintenance. Outstanding west Redwood City location walking distance to Whole Foods. All tenants have extra storage space and sufficient parking. Close proximity to all the high-end shopping, dining and entertainment amenities of robust & booming downtown Redwood City. Easy access to Woodside Road and Highways 101 & 280. One of the strongest rental submarkets on the Peninsula led by a high-class tenant profile paying premium rents.
Location
State CA
County San Mateo
Zoning R3
Interior
Heating Natural Gas,Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Building
New Construction No
Others
Tax ID 053063150