Historical Multifamily Sale Listing - Bayshore Villa

Multifamily For Sale

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Bayshore Villa

3499 East Bayshore Road, Redwood City, CA 94063

N/A

141 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
141
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
8.14%
Gross Rent Multiplier:
8.68
Occupancy:
94%
Year Built:
1960
Lot Size:
7.94 AC
Listing ID
16136911
Last Updated
over 1 year ago

Highlights

  • 8.14% Cap Rate for Bay Area Park
  • Occupancy Upside
  • Future Development Potential
  • 10.3% Current Total Return

Description

This family park consists of 141 spaces of which about 22 are RV Spaces and will accommodate Park Model Homes. The park has a swimming pool, office, and clubhouse and is within one minute of the 101 freeway making the park an outstanding commuter location.

Bayshore Villa is sub metered for gas, electricity, and water and all utilities are passed through to the tenants. Priced at a 8.14 percent cap rate, with occupancy upside, a 10.3 percent current total return, and future development potential, Bayshore Villa is an outstanding opportunity for the investor.

Bayshore Villa is located in the San Francisco Bay Area in Redwood City, California. It is in San Mateo County and just south of San Francisco and north of San Jose. Bayshore Villa's strength lies in its in-fill Bay Area location where median income exceeds $89,728 and median housing prices are $688,000.

Map of 3499 East Bayshore Road, Redwood City, CA 94063 (San Mateo County)

Research for 3499 East Bayshore Road, Redwood City, CA 94063 (San Mateo County)

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