217 Alden St, REDWOOD CITY, CA

$2,500,000

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4,992

Square feet

0.11

Acres

About 217 Alden St

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.

Features of 217 Alden St

MLS® # ML82054736
Price $2,500,000
Square Footage 4,992
Acres 0.11
Year Built 1946
Type Multi-Residential
Sub-Type Five or More Units
Status Active

Community Information

Address 217 Alden St
Area Lenolt Etc.
City REDWOOD CITY
County San Mateo
State CA
Zip Code 94063

Amenities

Utilities Other
Parking Spaces 5
Garages Assigned Spaces
Is Waterfront No
Has Pool No

Interior

Heating Other
Cooling None
Fireplace No

Exterior

Roof Shingle
Foundation Other

Additional Information

Zoning r5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCorcoran Icon Properties
Contact Info(650) 281-8877

Listing Map

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