About 201 E Okeefe St
Seller Carried Financing Available 35-40% Down, +/- 3.75% Interest Only Fixed for +/- Five Years. Adjacent to Menlo Park, to North and West. This amazing opportunity is tucked into a residential neighborhood just West of Hwy 101 and North of University Ave. This building consists of twenty units, 16:1x1 and 4: 2x1 units. This building has an elevator and pool, as well as 22 parking stalls. All residents have access to free Wi-Fi There are approved plans for 550 new apartments as well as community center and park just down the street. This will greatly improve the neighborhood. Very few opportunities to purchase on the West side in East Palo Alto. Currently being sold in conjunction with 22 units at 245 E. O'Keefe and 20 units at 301 E. O'Keefe. Total of 62 units, 48, 1x1, 10, 2x1 and 4 Studios, total income = $1,406,308 annually.
Features of 201 E Okeefe St
| MLS® # | ML81968269 |
|---|---|
| Price | $5,725,000 |
| Square Footage | 25,285 |
| Acres | 0.46 |
| Year Built | 1962 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 201 E Okeefe St |
|---|---|
| Area | West of U.S. 101 |
| City | EAST PALO ALTO |
| County | San Mateo |
| State | CA |
| Zip Code | 94303 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Parking Spaces | 2 |
| Is Waterfront | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Rolled Composition, Elastomeric, Polyurethane |
|---|---|
| Foundation | Quake Bracing |
Additional Information
| Zoning | R |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Scott Kilpatrick |
|---|---|
| Office | Compass |
| Contact Info | 650-868-0738 |