CA > Redwood City
Redwood City, CA 94061,146 Madison AVE
Redwood City, CA 94061,146 Madison AVE
Redwood City, CA 94061,146 Madison AVE
Redwood City, CA 94061,146 Madison AVE
Redwood City, CA 94061,146 Madison AVE
Redwood City, CA 94061,146 Madison AVE
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Drew Reid

Drew Reid

+1(408) 515-1362
Listed by Matthew Thomson • Compass
$ 3,100,000
Est. payment | /mo

3 Beds

2 Baths

5,944 SqFt

Save
$ 3,100,000
Est. payment | /mo
Save

3 Beds

2 Baths

5,944 SqFt

OPEN HOUSE

Tue Aug 12, 10:00am - 1:00pm

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,944 sqft

Price per Sqft $521

MLS Listing ID ML82016541

Bedrooms 3

Full Baths 2

Year Built 1958

Lot Size 7,000 Sqft

Property Sub-Type Five or More Units

Property Description

True turnkey apartment building in excellent Redwood City location. Attractive Unit Mix: (2) Two-Bedroom / One Bath Units & (5) One-Bedroom / One-Bath Units. Four of the seven units are renovated. Several recent capital improvements including New roof, upgraded electrical meeting current insurance requirements, new catwalk, new exterior paint, new drainage & new water heater. Day One 4.53% Cap Rate (true Cap Rate w/ fair underwriting). Zero deferred maintenance. Outstanding west Redwood City location walking distance to Whole Foods. All tenants have extra storage space and sufficient parking. Close proximity to all the high-end shopping, dining and entertainment amenities of robust & booming downtown Redwood City. Easy access to Woodside Road and Highways 101 & 280. One of the strongest rental submarkets on the Peninsula led by a high-class tenant profile paying premium rents.

Location

State CA

County San Mateo

Area Central Park Etc.

Zoning R3

Interior

Heating Gas, Wall Furnace

Cooling None

Exterior

Parking Features Carport

Utilities Available Public Utilities

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions Age - No Restrictions

Tax ID 053-063-150

Security Features Security Lights

Special Listing Condition Not Applicable

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agent
Drew Reid

REALTOR® | Lic# 01332884

+1(408) 515-1362

410 N Santa Cruz Ave, Los Gatos, CA, 95030-5321, USA

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146 Madison AVE