2200 Village Court, BELMONT, CA 94002

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2200 Village Court, BELMONT, CA 94002

$10,150,000 (Active)

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Listed by: Don Sung - Colliers Parrish International, Inc.

$$10,150,000

Active

est.$10,150,000/month.

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beds. baths. 24,785 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

2200 Village Court, BELMONT, CA 94002

$10,150,000

Active

est.$10,150,000/month.

Start My Approval

beds baths 24,785 Sq.ft.

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Property details for 2200 Village Court, BELMONT, CA 94002

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

Broker details: Colliers Parrish International, Inc.

Listed by: Don Sung