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$2,688,000
Est. payment /mo
6,976 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,976 sqft
Price per Sqft $385
MLS Listing ID ML82054947
HOA Y/N No
Year Built 1951
Lot Size 9,966 Sqft
Acres 0.2288
Property Sub-Type Other
Property Description
Value-add opportunity in downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10 unit apartment community offering a compelling value-add investment opportunity in one of the Peninsulas most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential.
Location
State CA
County San Mateo
Zoning R-4
Interior
Heating Wall Furnace
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 053094120
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Listed by Jimmy Castellanos • Marcus & Millichap
NEARBY SCHOOL & BUSINESS
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122