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… Read More 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. Read Less
Courtesy of Cornish & Carey Commercial, Steve Zirelli 650-224-3118
Listing Snapshot
Days Online
118
Last Updated
Property Type
Five Or More Units
Square Ft.
3,540
Lot Size
0.2 Acres
Year Built
1954
MLS Number
ML82039992
30 Days Snapshot Of 94063
$1.72M
+19%
(avg) sold price
3
-75%
homes sold
26
+44%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8797.00, Max Area Units: Square Feet, Lot is 0.20195133149679 acres
Accessibility Features
None
Unit One
Rent: $2,800, 2 bedrooms
Building
3,540 structure square feet, Age: 72, Built in 1954, 6 units, 3 buildings, 6 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter
Garage
Off-Street Parking
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 49605
Parking
3 parking spaces
Property
Zoning: Multi-Family
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $38,456
Sewer
Sewer - Public
Utilities
Separate Electric, Separate Gas, Separate Water, Individual Electric Meters, Individual Gas Meters
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