Commercial Property — 3071 William Avenue, Redwood City, CA
$2,625,000
3071 William Avenue, Redwood City, CA
About this property
3071 3083 William Avenue in Redwood City presents an investor the unique opportunity to own three contiguous duplexes. All 6 homes included in the offering are Two-Bedroom / One Bath units, consisting of 3,540 building SF on an 8,797 SF lot. All units are fully occupied bringing in excellent rents creating attractive cash flow immediately for a new owner. All tenants are currently on a RUBS program (Ratio Utility Billing System), allowing the landlord to recapture a significant amount of expenses. Additionally, all units are individually metered for water and tenants pay their own bills, extremely rare and attractive for a 6-unit building. All duplexes have carport parking in the rear which offers the ability to create private patios / yards. The properties are in close proximity to all the dining, shopping & entertainment amenities of Downtown Redwood City. Strategically located between San Francisco and San Jose, Redwood City continues to be one of the most dynamic and rapidly growing cities on the mid-Peninsula. The area has experienced significant expansion, with an influx of major technology companies and a thriving downtown core. In recent years, downtown Redwood City has undergone a significant transformation, solidifying its status as a premier destination.
Property details
Location
3071 William Avenue • Redwood City, CA 94063
Listed by
Steve Zirelli · Cornish & Carey Commercial