Residential Income - 2916 Curtis Avenue, Redwood City, CA

Description

2916 Curtis Avenue offers a rare opportunity to acquire a well located four unit apartment building in one of the Peninsulas most consistently strong rental markets with an option to convert the garage into an ADU that could bring $4200 per month in additional income. The property features three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit, providing a balanced mix of floor plans that appeal to a wide range of tenants that supports stable occupancy. The property has recently undergone a significant amount of capital improvements including Roof upgrade, sealed with silicone layers | New washer dryer in laundry room with PayRange digital payment system | New 75 gallon, triple braced hot water heater | Fresh paint on building exterior, garage interior | New windows | New electrical panels, moved to hallways from bedroom closets | Raised height of balcony walkway railings to 42 inches, closed off openings, and added handrails | New carpet in units two, three, and four | Crawlspace cleaned out and emptied | As-built existing and proposed four bedroom garage conversion ADU accessory dwellings unit drawings made. These upgrades make the property especially appealing to an investor seeking a low maintenance, easy to manage asset

Property details

Location

2916 Curtis Avenue • Redwood City, CA 94063

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Listed by

Fred Rubio · Marcus & Millichap