217 Alden St, Redwood City, CA 94063

Sqft
4,992

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Listed byCorcoran Icon Properties
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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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