Opportunity to invest in mid peninsula's dynamic Redwood City! Updated triplex features one bedroom/ one bath units all with washer/dryer, private yards and ample parking. Remodeled with new flooring, kitchens, bathrooms, paint and double pane windows. Situated on a large corner lot next to a lovely community garden. Fantastic investment, in the current low interest environment, with a current cap rate greater than 3% and a GRM of about 20. No rent control. The investment appeal of this asset is driven by an economically robust area, low vacancies and a high demand for employment and housing. Strategically located between San Francisco and Silicon Valley, a plethora of major employers, boundless opportunities for recreation and convenient access to 101 and 280 make this an attractive long term investment.. Redwood City enjoys a thriving revitalized downtown.Close to Cal Trains,the Sand Hill Corridor, Stanford. Walk to downtown, Fantastic investment opportunity. Call for details.
Individual Electric Meters, Individual Gas Meters, Public Utilities
Better Homes and Gardens Real Estate JFF
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