About 2200 Village Ct
Achieve $57,000/Month in Stable Rental Income from a Diversified, 23-Tenant, High-End Apartment in an A+ Location. What a Great Way to Retire and Achieve Reliable Cashflow + Value Appreciation + Tax Advantages (Depreciation). Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.12% / Pro-Forma CAP Rate: 5.02%. In-Place GRM: 14.6 / Pro-Forma GRM: 12.9. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
Features of 2200 Village Ct
| MLS® # | ML82032286 |
|---|---|
| Price | $10,150,000 |
| Square Footage | 24,785 |
| Acres | 0.53 |
| Year Built | 1965 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 2200 Village Ct |
|---|---|
| Area | Belmont Woods Etc. |
| City | BELMONT |
| County | San Mateo |
| State | CA |
| Zip Code | 94002 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Other Roof |
|---|---|
| Foundation | Wood Frame |
Additional Information
| Zoning | R40000 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Don Sung |
|---|---|
| Office | Colliers Parrish International, Inc. |
| Contact Info | 650-380-5188 |