3085 Williams Ave - Multi-Family FOR SALE


Redwood City, CA 94063- Fair Oaks
$1,200,000 USD
650-688-8533
3085 Williams Ave, Redwood City, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/4
null | 4.23% Cap Rate

3085 Williams Ave
Redwood City, CA 94063
Fair Oaks


HIGHLIGHTS

  • 4.23% CAP RATE FOR REDWOOD CITY DUPLEX IS UNHEARD OF!
  • Both Homes Two-Bedroom / One-Bath (See Attached Offering Memorandum)
  • Excellent Rents and RUBS in place (Ratio Utility Billing System)
  • Renovated Interiors & Newer Roof
  • Rear Access with Carport Parking
  • In Close Proximity to Downtown Redwood City

OVERVIEW

3085 & 3087 William Avenue is an excellent opportunity for an investor or owner-occupier to acquire a prime Redwood City Duplex. Both homes are Two-Bedroom / One-Bath Units and currently occupied with tenants paying great rents on a month-to-month basis. Both tenants are currently on a RUBS program (Ratio Utility Billing System), allowing the landlord to recapture a significant amount of expenses that are billed directly through Special Assessments on the Property Tax Bill – this makes the cash flow for a Landlord even more attractive. Both homes have carport parking in the rear which offers the ability to create private patios / yards. The property is 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 businesses, residents, and visitors. Easy access to highways 84, 101, 280.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,176 USD /SF

# OF UNITS

2

PRICE/UNIT

$600,000

CAP RATE

4.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,932 SF

ZONING

-

APN/PARCEL ID

060-082-420

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.