217 Alden St, Redwood City, CA 94063
- Sqft
- 4,992
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Overview
Well-Located Apartment Investment 4,992 SF, five-unit apartment building near downtown Redwood City an all two-bedroom / one-bath unit mix on a 5,000 SF lot, offering durable residential income in one of the Peninsula's most supply-constrained rental markets. Strong In-Place Rental Income Five two-bedroom units provide stable, in-demand housing product with immediate cash flow at close. Downtown Redwood City Walkable & Transit-Rich Blocks from downtown Redwood City, the Caltrain station, and the Sequoia Station retail district a highly walkable location with strong tenant demand from the Oracle, Electronic Arts, and Box employment base and Stanford in Redwood City. Mid-Peninsula Supply-Constrained Hold Severely constrained housing supply between San Francisco and San Jose, combined with Redwood City's status as the largest city on the Mid-Peninsula, supports durable occupancy, rent growth, and a defensive long-term multifamily hold.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 4,992
- Lot size (acres)
- 0.11
- Year built
- 1946
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Other
- Cooling
- None
Public schools
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Sourced from: Bay East Association of REALTORS MLS®#: ML82054736 Last checked: …
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