630 Masonic Way
Belmont, CA 94002
Sq. Feet 10,125
Compass Commercial is pleased to offer this incredible turnkey opportunity located in highly desirable, Redwood City, California. Situated on a 7,470 square-foot parcel of land, the subject property located at 140 Roosevelt Avenue was constructed in 1932 and has a gross building area of 4,354 square feet.
This five-unit turnkey apartment complex consists of a two-bedroom/two-bathroom detached single family home in the front, and a fourplex situated in the back with two (2) two-bedroom/one-bathroom units, and two (2) one-bedroom/one-bathroom units.
The property has undergone extensive exterior and interior updates, and has been extremely well-maintained. The units are bright with natural light and each has a locked storage area in the carport. The robust high tech job growth, shortage of housing units, rent growth, proximity to shopping and public transportation, and core Silicon Valley location make 140 Roosevelt a great opportunity for both the cashflow and appreciation-minded investor.
Cap Rate: 3.60% NOI: $95,273 Livable Sq. Ft: 4,354
Built in 1932 5 units Lot Sq. Ft: 7,470