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Property Description

This completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, ±850sf each and situated on a ±11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.

Features
: electric
3
0
Additional Information
Coldwell Banker Realty
0
ML5084552
ML39593
Gregory
021311280
: Standard
34

Multi-Family For Sale

1007 Hemlock Avenue, Millbrae, California 94030

9,350 Sqft
$5,478,000
Listing ID #ML81916660
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : ML81916660
Price : $5,478,000
Living Area : 9,350 Sqft
Lot Size : 11,031 Sqft
Year Built : 1985
Country : US
State : California
County : San Mateo
City : Millbrae
Zipcode : 94030
Price Per Square Foot : $586
ModificationTimestamp : 2023-01-19 20:12:20
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