22 Duane St - Apartments FOR SALE


Redwood City, CA 94062- Oak Knoll-Redwood Park
$3,995,000 USD
650-688-8533
22 Duane St, Redwood City, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/14
null | 3.8% Cap Rate

22 Duane St
Redwood City, CA 94062
Oak Knoll-Redwood Park


OVERVIEW

Welcome to 22 Duane St. in Redwood City.¢ This true trophy property is located on arguably the best rental block in the entire city. Very rarely is a property in this location and condition available for purchase. The property features six units of which there are (3) 2 bedroom, 1 bath units and (3) 1 bedroom, 1 bath units. Two of them feature large outdoor living spaces and all units have a kitchen door that leads to a community bbq/picnic table area. All six units have been beautifully renovated including: upgraded electrical main and sub-panels, windows, kitchens, bathrooms, floors, etc.. This generational asset features six tuck under parking spaces plus uncovered parking and is located just steps to downtown Redwood City and Caltrain. The A++ location and large light filled units have historically and consistently drawn a fantastic tenant base. This is a must see property. Could be a tremendous family compound or a can’t miss investment opportunity.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

6

PRICE/UNIT

$665,833

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duane Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,100 SF

ZONING

-

APN/PARCEL ID

052-222-040

ASK ABOUT THIS PROPERTY

Steve ZirelliARA NewmarkMore Info
650-688-8533

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Steve ZirelliARA NewmarkMore Info
650-688-8533

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.