CA > Belmont
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
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Eduardo Huerta And Lizzeth Flores

Eduardo Huerta And Lizzeth Flores

+1(408) 272-1031
Listed by Don Sung • Colliers Parrish International, Inc.
$ 10,150,000
Est. payment | /mo

6 Beds

4 Baths

24,785 SqFt

Save
$ 10,150,000
Est. payment | /mo
Save

6 Beds

4 Baths

24,785 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 24,785 sqft

Price per Sqft $409

MLS Listing ID ML82015448

Bedrooms 6

Full Baths 4

Year Built 1965

Lot Size 0.532 Acres

Property Sub-Type Five or More Units

Property Description

Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF

Location

State CA

County San Mateo

Area Belmont Woods Etc.

Zoning R40000

Rooms

Kitchen Dishwasher, Microwave, Oven - Electric, Refrigerator

Interior

Heating Electric

Cooling None

Exterior

Parking Features Assigned Spaces, Carport

Pool Pool - Heated

Community Features Additional Storage, Community Pool, Elevator

Utilities Available Public Utilities

Roof Type Other

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 045-022-230

Security Features None

Special Listing Condition Not Applicable

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Eduardo Huerta And Lizzeth Flores

REALTOR®, Mortgage Loan Originator, Broker-Owner | Lic# Ed: 1391479

+1(408) 272-1031

750 N. Capitol Ave. Suite B2, Jose, CA, 95133

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2200 Village CT