MLS#ML82054947
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Marcus & Millichap
Agency Phone: (650) 391-1700
Associate Name: Jimmy Castellanos
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
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.
Property Features
Property Type: Commercial - Business
Cooling: WallWindowUnits
Heating: WallFurnace
Lot Size: 0.23 Acres
Roof Type: Composition, Shingle
Taxes: $33,917
Year Built: 1951
Feature Descriptions
Parcel#: 053094120
Water: Public
Local Schools
High School: Sequoia
Elementary School: Roosevelt
School District: Other
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap
Agent Name: Jimmy Castellanos
Agency Phone: (650) 391-1700
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
128 Roosevelt Avenue | MLS# ML82054947
This commercial property located at 128 Roosevelt Avenue , Redwood City, CA 94061 is currently listed for sale with an asking price of $3,100,000. Roosevelt Avenue is located within the Other school district. Search Redwood City real estate on www.farrellsmyth.com today.