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Listed by Don Sung • Colliers Parrish International, Inc.
$ 10,150,000
Est. payment /mo
New
2200 Village CT Belmont, CA 94002
6 Beds
4 Baths
24,785 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 24,785 sqft
Price per Sqft $409
MLS Listing ID ML82015448
Bedrooms 6
Full Baths 4
Year Built 1965
Lot Size 0.532 Acres
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
Location
State CA
County San Mateo
Area Belmont Woods Etc.
Zoning R40000
Rooms
Kitchen Dishwasher, Microwave, Oven - Electric, Refrigerator
Interior
Heating Electric
Cooling None
Exterior
Parking Features Assigned Spaces, Carport
Pool Pool - Heated
Utilities Available Public Utilities
Roof Type Other
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Tax ID 045-022-230
Special Listing Condition Not Applicable
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