Under contract
  • $3,100,000

    Madison Redwoodcity, Redwood City, CA 94061

    --beds
    --baths
    5,944sqft
    : 
    Five Or More Units
    Built in 1958
    -- sqft lot
    $2,973,800 Zestimate®
    $522/sqft
    $-- HOA

    What's special

    New exterior paintNew roofNew drainageNew catwalk
    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.
    32 days
    on Zillow
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