1205 Geraldine Way, BELMONT, CA 94002

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1205 Geraldine Way, BELMONT, CA 94002

$5,000,000 (Active)

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Listed by: Nate Gustavson - Compass

$$5,000,000

Active

est.$5,000,000/month.

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beds. baths. 13,483 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

1205 Geraldine Way, BELMONT, CA 94002

$5,000,000

Active

est.$5,000,000/month.

Start My Approval

beds baths 13,483 Sq.ft.

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Property details for 1205 Geraldine Way, BELMONT, CA 94002

1205 Geraldine Way is an extraordinarily well-maintained 12-unit apartment complex located in the exclusive Belmont Hills neighborhood of Belmont, California. --- NEW ROOF (40-year), NEW WINDOWS, NEW INTERIOR ELECTRICAL (BREAKERS) IN ALL UNITS, SEWER LATERAL CLEARED (2018), SB-721 COMPLETED, INSULATED ATTIC.-- Priced at $5,000,000, this multifamily investment property offers a unit mix of eleven (11) spacious 1-bedroom/1-bath units (700 sqft) and one (1) 2-bedroom/1-bath unit (940 sqft). --- 75% OF THE UNITS HAVE BEEN RECENTLY RENOVATED (Units 1, 3, 4, 5, 6, 7, 8, 11 & 12). The property features 14 parking spaces, individual tenant storage, and a coin-operated laundry machines. All units are individually metered for gas and electric. With an in-place GRM of 14.27, this stabilized asset generates over $350,388 in gross annual income. Ideally located near Carlmont Village Shopping Center and top-rated schools, this is an excellent opportunity for investors seeking solid in-place income and long-term value in one of the Peninsulas strongest rental markets. -- TURNKEY INVESTMENT OPPORTUNITY IN ONE OF THE MOST SOUGHT AFTER MARKETS IN SAN MATEO COUNTY.

Broker details: Compass

Listed by: Nate Gustavson
Co-listing Broker: Compass
Co-listing Agent: Cameron Foster