$1,750,000
$1,800,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
4,499 Sqft Lot
SOLD DATE : 03/06/2024
Key Details
Sold Price $1,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81949532
Sold Date 03/06/24
HOA Y/N No
Year Built 1957
Annual Tax Amount $20,106
Lot Size 4,499 Sqft
Property Description
62 Winslow Street offers an investor a unique opportunity to acquire a well-maintained property strategically positioned near the heart of booming downtown Redwood City. The building sits on a 4,500 SF Lot with 3,686 SF of rentable space. The complex benefits from an attractive unit mix of (1) Two-Bedroom/ One-Bath Unit and (4) One-Bedroom / One Bath Units. The 2-bedroom unit and one of the 1-bedroom units was recently extensively renovated. The property has dual pane windows throughout the entire building and an onsite Laundry Facility. Strong in-place rents providing day-one Cap Rate of 5.69%. All tenants enjoy a large common area patio space that offers a new owner add-value opportunity with enhanced amenities. Tenants also benefit from 5 private garage spaces. 62 Winslow is in a fantastic location only a short walk from all the attractive amenities of downtown Redwood City.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning Multifamily
Interior
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 5
Building
Water Public
Schools
School District Other
Others
Tax ID 052262130
Security Features Security Lights
Financing Conventional
Special Listing Condition Standard
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Bought with Larry Aikins • Terrace Associates