CA > Belmont
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
Belmont, CA 94002,2200 Village CT
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$10,150,000
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0.53 Acres Lot
Active

2200 Village CT Belmont, CA 94002

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Brent Cate

Brent Cate

+1(559) 304-6188

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82015448

HOA Y/N No

Year Built 1965

Annual Tax Amount $148,173

Lot Size 0.532 Acres

Property Description

Why Settle on $20,000/Month in Rental Income on a High-End Rental Home (From 1 Tenant) When You Can Receive $57,000/Month in Rental Income from a Diversified 23-Tenant, High-End Apartment? What a Great Way to Retire and Travel and Hire a Property Manager to Address Tenant Issues on a Stabilized Property. 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 699 - Not Defined

Zoning R40000

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 37

Roof Type Other

Building

Water Public

Schools

High Schools Carlmont

School District Other

Others

Tax ID 045022230

Special Listing Condition Standard

CRMLS – RECore
Listed by Don Sung Colliers Parrish International, Inc.

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Brent Cate

Brent Cate

License ID: 01482878

+1(559) 304-6188

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2200 Village CT

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