$5,478,000
For Sale

1007 Hemlock Avenue

Millbrae, CA 94030
9350 sqft | 0.25 acres | #ML81916660
Listing OfficeColdwell Banker Realty
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

This completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, ±850sf each and situated on a ±11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.

  • Property Details
      • Lot DescriptionLevel, Paved
      • Stories3
    • Measurements
      • Acres0.2532
      • Square Feet9350
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1985
    • Material information
      • FoundationSlab
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountySan Mateo
      • School DistrictOther
  • Financial Details
      • Original List Price$5,478,000
      • Taxes Annual$63,545
  • Other
      • MLS #ML81916660

Location

Joshua HenryBerkshire Hathaway Home Services California Properties
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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