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Listed by Steve Belluomini • Corcoran Icon Properties
$ 2,500,000
Est. payment /mo
Active
217 Alden Street Redwood City, CA 94063
4,992 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,992 sqft
Price per Sqft $500
MLS Listing ID ML82054736
HOA Y/N No
Year Built 1946
Lot Size 5,000 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Well-Located Apartment Investment 4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a 5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.
Location
State CA
County San Mateo
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Handicap Access Other
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