Absolutely incredible Menlo Park location surrounded by shops, restaurants and multi-million dollar homes. This fantastic 15 unit property features 10 spacious studios and 5 one bedroom one bath units. It also benefits from two cell phone towers, with long term leases, that generate $7500 per month. Huge upside in potential income. This property is perfect for a 1031 exchange buyer, a family looking for wealth preservation or an investor who wants to renovate to very high end finishes to draw top of the market rents. A new owner can implement a Corporate Housing Rental Strategy with furnished units and take advantage of high end tenants from Stanford, Menlo Park & Palo Alto, Start-Ups, Sand Hill Road & close proximity to Facebook & other major employers. Other owners in Menlo Park have been highly successful with this strategy and we can guide you through the best path to achieve drastically higher rents.
|LAST UPDATED||7/19/2019||YEAR BUILT||1964|
|COMMUNITY||County / Alameda Area||COUNTY||San Mateo|
|PROPERTY TYPE(S)||Commercial Multi-Residential (5+ units)|
|ADDITIONAL LISTING INFO||Not Applicable|
|LISTING CLASS||Commercial Multi-Residential (5+ units)|
|METERS||Master Water, Separate Electric, Separate Gas|
|NUMBER OF BUILDINGS||1|
|ROOF||Tar and Gravel|
|SEWER SEPTIC||Sewer - Public|
|SUBCLASS||Five or More Units|
|UTILITIES||Individual Electric Meters, Individual Gas Meters, Public Utilities|
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