232 Berkshire Avenue, REDWOOD CITY, CA 94063 (MLS # ML81923005)

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PRICE $1,280,000 dsIDX morgage calculator
BEDS 4
BATHS 4
HOME SIZE 2,250 sqft
LOT SIZE 2,496 sqft
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First Time on Market in 40+ Years! Best Value 4-Unit Property in Redwood City: 3.18% CAP on Current Rents & 5.0% CAP on Market Rents! Individually-Addressed Apt. Units: 232-234 Berkshire-Two (2) 1 BR/1 BA Units, 215-217 First Ave-Two (2) 1 BR/1 BA + Extra Bedroom/Den. 10 Total Parking Spaces. 2 Convenient Pull-Up Parking Spaces Per Unit. 2 APN's Offer Future Development Potential: 054-206-030 is Vacant Land (Used as Tenant Yard), 054-206-040 Offers 4 Easy-to-Rent Units w/ Immediate Cashflow. Current CAP Rate: 3.18%/GRM: 16.2. Pro-Forma CAP Rate: 5.0%/GRM: 12.3. Cost/SF: $578/SF. Separate Meters: Tenants Pay PG&E / Owner Pays: Water/Garbage. Functional Floorplans & Good Parking Access: Easy to Rent and Straightforward, Headache-Free Management. Strong Historical Tenancy. 234 Berkshire-Section 8 Housing: $1,282/Tenant: $223. Convenient Location Near Middlefield Rd, ECR, Woodside Rd/84, 101, 280. Proven Cash Cow Offering Good Hedge Against Inflation. Make Appt. w/ Agent Before Tour.

LAST UPDATED 5/8/2023 YEAR BUILT 1951
COMMUNITY Dumbarton Etc. COUNTY San Mateo
STATUS Sold PROPERTY TYPE(S) Residential Income

SCHOOLS
School District Sequoia Union High


ADDITIONAL DETAILS
AIR Ceiling Fan
AREA Dumbarton Etc.
BASEMENT Crawl Space, Foundation: Concrete Perimeter
GARAGE Common Parking Area, Parking Area, Tandem Parking, Uncovered Parking
HEAT Gas, Wall Furnace
LOT 2496 sq ft
STORIES 2
WATER Water: Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed by Don Sung | 650-380-5188, Colliers Parrish International

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 4/23/24 6:21 PM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This IDX solution is (c) Diverse Solutions 2024.


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