- 3 2
- Redwood City, CA
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- estately.com
Duplex/Fourplexâś” 3 Bedroomâś” 2 Bathroomâś” 2929 Square Footage
Newly renovated duplex with â±2,929 sf of rentable space on â±7,875 square foot lot. Close proximity to major peninsula employers: box. Net, kaiser, oracle, stanford, facebook, electronic arts (ea), and google. The owner currently derives $4,600/month for the 3 br/2 ba unit (2783 marlborough) due to the large size, while generating $3,000/month for the 2 br/1 ba unit (2793 marlborough), totaling $7,600/month in rental income - providing for a new owner with substantial current cashflow based on in-place rents. 2 spacious units - $7,600/month in solid cashflow â?" renovated units. 4. 58% current cap rate / 15. 9 current grm. Low expense ratio & good tenants. Solid rental property in redwood city. Pro-forma cap rate: 4. 82%. Pro-forma grm: 15. 3. Open house schedule below: open house 1: thursday, january 19th, 2017 between 11 am to 1 pm open house 2: tuesday, january 24th, 2017 between 11 am to 1 pm schedule a private showing.
Near places: Notre Dame De Namur University, Palo Alto High School, Stanford University
US, California, San Mateo County, Redwood CityRedwood City, CA at estately.com