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    343 Park Street

    Redwood City, CA 94061
    • $1,500,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: ML81810267
    $1,500,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,880
      SQFT
    • $798
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1943
    County:

    School Ratings & Info

    Description

    Collect cash as a landlord (4.1% Cap Rate) or move in this duplex with your extended family. A corner lot w/ two detached structures, this is the original home offering an investor the ability to continue a strong income from current residents or renovate the building in a gentrifying neighborhood. The second structure has its own address and is an apartment over a two-car garage with laundry hookups and a half bath. 343 Park Street is a 3 bed and 1 bath with substantial front yardage and a sizable living/dining area. It rents for $2,950 per month (Tenants pay all utilities) and the current lease term is month-to-month and any purchaser could move-in or renovate this unit once current residents move-out. 465 Cypress utilizes is a 2 Bed 1.5 Bath with a two-car garage that offers plenty of space along with an in-unit washer and dryer. The current residents pay $3,311 in rent per month (Tenants pay all utilities) and have tenancy until 19 June 2021. Great investment opportunity!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T00:26:29.94. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/109937923
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    343 Park Street Redwood City, CA 94061

    • Price: $1,500,000
    • Status: Active
    • ID#: ML81810267
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,880
    SQFT
    $798
    $/SQFT
    1943
    Built
    Neighborhood:
    699 - Not Defined
    County:
    San Mateo
    Area:
    699 - Not Defined
    Property Description
    Collect cash as a landlord (4.1% Cap Rate) or move in this duplex with your extended family. A corner lot w/ two detached structures, this is the original home offering an investor the ability to continue a strong income from current residents or renovate the building in a gentrifying neighborhood. The second structure has its own address and is an apartment over a two-car garage with laundry hookups and a half bath. 343 Park Street is a 3 bed and 1 bath with substantial front yardage and a sizable living/dining area. It rents for $2,950 per month (Tenants pay all utilities) and the current lease term is month-to-month and any purchaser could move-in or renovate this unit once current residents move-out. 465 Cypress utilizes is a 2 Bed 1.5 Bath with a two-car garage that offers plenty of space along with an in-unit washer and dryer. The current residents pay $3,311 in rent per month (Tenants pay all utilities) and have tenancy until 19 June 2021. Great investment opportunity!
    Exterior Features

    Carport Spaces 0.00 Foundation Details Concrete PerimeterSlab Garage Spaces 2.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Roof Composition

    Interior Features

    Average1 Bed Area 980 Average2 Bed Area 900 Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Accessibility Features None Cap Rate 4.06 Gross Multiplier 19.96 Gross Scheduled Income 75132.00 Insurance Expense 1875.00 Maintenance Expense 1000.00 Professional Management Expense 4507.00 Special Listing Conditions Standard Trash Expense 0.00 Zoning R-4

    Listing provided courtesy of Jason Born of Born Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T00:26:29.94. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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