3071 Williams Ave - Apartments FOR SALE


Redwood City, CA 94063- Fair Oaks
$2,625,000 USD
650-688-8533
3071 Williams Ave, Redwood City, CA for Sale
$2,625,000 USD
Apartments - FOR SALE
1/7
null | 6.06% Cap Rate

3071 Williams Ave
Redwood City, CA 94063
Fair Oaks


HIGHLIGHTS

  • 3 DUPLEXES ON ONE PARCEL! All Two-Bedroom / One-Bath Homes
  • Excellent in-place rents - 6.06% Day One Cap Rate
  • Individually metered for everything INCLUDING WATER
  • All Tenants on RUBS (Ratio Utility Billing System) - Landlord recaptures $5,596 in annual expenses
  • Rear access to homes with carport parking that could be converted to private patios or yards
  • In close proximity to downtown Redwood City

OVERVIEW

3071 3083 William Avenue in Redwood City presents an investor the unique opportunity to own three contiguous duplexes. All 6 homes included in the offering are Two-Bedroom / One Bath units, consisting of 3,540 building SF on an 8,797 SF lot. All units are fully occupied bringing in excellent rents creating attractive cash flow immediately for a new owner. All tenants are currently on a RUBS program (Ratio Utility Billing System), allowing the landlord to recapture a significant amount of expenses. Additionally, all units are individually metered for water and tenants pay their own bills, extremely rare and attractive for a 6-unit building. All duplexes have carport parking in the rear which offers the ability to create private patios / yards. The properties are in close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$742 USD /SF

# OF UNITS

6

PRICE/UNIT

$437,500

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

060-082-420,060-082-430

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.