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Amy Martinez

amy@houseswithamy.com +1(408) 802-9343

Listed by Nate Gustavson • Compass

$ 5,000,000

Est. payment -/mo

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Active

1205 Geraldine WAY Belmont, CA 94002

3 Beds

2 Baths

13,483 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,483 sqft

Price per Sqft $370

MLS Listing ID ML82015115

Bedrooms 3

Full Baths 2

Year Built 1969

Lot Size 0.275 Acres

Property Sub-Type Five or More Units

Property Description

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.

Location

State CA

County San Mateo

Area Belmont Woods Etc.

Zoning Multifamily Residential

Rooms

Other Rooms Laundry Room

Kitchen Dishwasher, Oven Range - Electric, Refrigerator

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Laminate

Laundry Coin Operated

Exterior

Exterior Feature Balcony / Patio

Parking Features Assigned Spaces, Covered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions None

Tax ID 045-061-120

Security Features None

Special Listing Condition Not Applicable

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Amy Martinez

+1(408) 802-9343

amy@houseswithamy.com

Amy Martinez

1205 Geraldine WAY Belmont, CA 94002

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

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1205 Geraldine WAY