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Listed by Matthew Thomson • Compass
$ 3,100,000
Est. payment /mo
Active
146 Madison Avenue Redwood City, CA 94061
5,944 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
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
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
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