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Live comfortably in a fully-renovated, 4-bedroom/3.5 bath home (Front House) Or can be 3 BR/2 BA PLUS Rear Studio/1 BA: 2 Units, and rent out the other 2 units (2 rear flats) for $7,400/month to pay for mortgage+all expenses-OR-generate $12,000+/month and invest in a renovated property as hedge against inflation plus rental income. 100% completely renovated 3-Unit property with excellent unit mix. Each unit offers individual addresses: Front home (561 4th Ave-VACANT)-4 BR/3.5 BA; Rear downstairs home (563 4th Ave-OCCUPIED-MTM)-3 BR/2.5 BA; Rear upstairs home (565 4th Ave-VACANT)-4 BR/4 BA. Each unit separately metered for PG&E. Water and trash paid by owner. Excellent return from Day 1. Units offer 3 bedroom and 4 bedroom floorplans with in-suite bathrooms - makes for easy rental. Pro-forma Cap Rate: 4.46% / Pro-forma GRM: 15.6. Rear ground-floor unit is leased out month-to-month to friend of owner. All 3 units will be delivered vacant at COE. Total Size is 3,174 SF (approved permit)
LAST UPDATED | 11/24/2023 | YEAR BUILT | 1948 |
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COUNTY | San Mateo | STATUS | Sold |
PROPERTY TYPE(S) | Multi Family |
ADDITIONAL DETAILS | |
AIR | Wall/Window Unit(s) |
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AIR CONDITIONING | Yes |
HEAT | Central, Forced Air |
LOT | 5998 sq ft |
LOT DIMENSIONS | 6000.00 |
PARKING | Off Street |
SEWER | Public Sewer |
STORIES | 1 |
UTILITIES | Natural Gas Available |
WATER | Public |
TOTAL MONTHLY PAYMENT
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Based on information from MLSListings MLS as of 4/20/24 3:06 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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