128 Roosevelt Avenue, Redwood City, CA 94061
- $3,100,000
- 6,976
- SqFt
- List Price
- $3,100,000
- Status
- ACTIVE
- MLS#
- ML82054947
- Year Built
- 1951
- Property Type
- Other
- Living Area
- 6,976
- Lot Size
- 9,966
- Acres
- 0.23
- County
- San Mateo
- Subdivision
- Ca
Property Description
Value-add opportunity in downtown Redwood City // LOW RENTS // BRING ALL OFFERS. Pleased to present 128 Roosevelt Avenue. Situated in the heart of Redwood City, 128 Roosevelt Avenue is a 10 unit apartment community offering a compelling value-add investment opportunity in one of the Peninsulas most supply-constrained rental markets. Built in 1951, the property consists of ten (10) one-bedroom/one-bathroom residences encompassing approximately 6,976 building square feet on a 9,967 square foot parcel (per county records). The property has been held under the same ownership for over 50 years. This represents a rare opportunity to acquire a premier-location multifamily asset at an attractive basis with significant upside potential.
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Additional Information
- Roof
- Composition Shingles
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Jimmy Castellanos from Marcus & Millichap. 408-483-5040
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