35 Atherwood Ave, Redwood City, CA 94061

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!