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2200 Village Court, Belmont, CA 94002
Priced at Only: $10,150,000
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Address: 2200 Village Court, Belmont, CA 94002
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  • MLS#: ML82032286 ( )
  • Street Address: 2200 Village Court
  • Viewed: 4
  • Price: $10,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 10
  • Additional Information
  • County: SAN MATEO
  • City: Belmont
  • Zipcode: 94002
  • Provided by: Colliers Parrish International, Inc.
  • Contact: Don Don
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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
Building Area Total
  1. 24785.00
Carport Spaces
  1. 37.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 6692.00
Otherexpense
  1. 9872.00
Parcel Number
  1. 045022230
Roof
  1. Other
Totalexpenses
  1. 252954.00
Trash Expense
  1. 7617.00
Water Source
  1. Public
Year Built
  1. 1965
Year Built Source
  1. Assessor
Zoning
  1. R40000
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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