35 Atherwood Avenue, Redwood City CA 94061 (Off Market)
For Sale, USD 1,749,000
(Off Market)
35 Atherwood Avenue, Redwood City CA 94061, Redwood City, California, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : 5,017 ft² / 466 m²
Land Size : N/A
Bedroom : 7
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
Property Description
This rare Redwood City 6-Unit apartment building in the coveted Redwood Oaks neighborhood could be the perfect investment with upside for discerning buyers. 35 Atherwood Avenue, which consists of one 2BD/1BA and five 1BD/1BAs, will be delivered with four of the six units rented at close, and two units (both 1BD/1BAs) vacant and ready for the next owners to obtain market rate rents. Per the public tax records, the property measures 5,017 Sq Ft on the interior, and is nicely situated on a 6,955 Sq Ft lot with ample parking onsite and a coin-op laundry facility. Held by long-term family owners for many years, the building has a projected gross annual income in the $144,000 range with a current CAP rate in the 5.5% range. Located close to local schools, parks, shopping, dining, markets and easy freeway access, 35 Atherwood should provide an attractive tenant offering and investment for years to come. Don't miss the opportunity to add this unique opportunity to your portfolio!
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35 Atherwood Avenue, Redwood City CA 94061, United States,California,Redwood City is a 5,017ft² Redwood City luxury Multi-Family Home listed for sale USD 1,749,000. This high end Redwood City Multi-Family Home is comprised of 7 bedrooms and 0 baths. Find more luxury properties in Redwood City or search for luxury properties for sale in Redwood City.