2200 Village Court, Belmont, CA 94002
- $10,150,000
- List Price
- $10,150,000
- Status
- ACTIVE
- MLS#
- ML82015448
- Year Built
- 1965
- Lot Size
- 23,160
- Acres
- 0.53
- Days on Market
- 60
- Property Type
- Commercial
Property Description
Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
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Additional Information
- Taxes
- $148,173
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Other
- Water
- Public
- School District
- Other
- High School
- Carlmont
- Attached Structure
- Detached
- Gross Scheduled Income
- $694,675
Listing courtesy of Listing Agent: Don Sung (don.sung@colliers.com) from Listing Office: Colliers Parrish International, Inc..
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