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Multifamily

200 Irene Ct

200 Irene Ct, Belmont, CA 94002

Listing Price: $22,000,000

Cap Rate
3.00%
Number of Units
43
Occupancy
97.0%
Price/Unit
$511,628
Price/Gross SF
$502.74
Gross SF
43,760

Investment Overview

Marcus & Millichap is honored to present 200 Irene Court in Belmont, California. 200 Irene Court is a forty-three unit apartment complex, built in 1965, sitting on a 42,471 SF / 0.97 Acres lot, per county assessor. There are four (4) Studio units, thirty-one (31) 1 Bedroom x 1 Bathroom units, five (5) 2 Bedroom x 1.5 Bathroom units, two (2) 3 Bedroom x 2 Bathroom units and one (1) 5 Bedroom x 3 Bathroom unit. There are three buildings on the lot with a total of 43,760 square feet, per county assessor. There is a large pool and a large communal room with washers and dryers on site for tenants. The units also have very large private balconies with views of the San Francisco Bay. There are assigned covered parking spaces on the property and street parking. 200 Irene Court is conveniently located with many shopping, eating, and entertainment options close by. The property offers quick access to Highway 280, Highway 101, and the San Mateo-Hayward Bridge.

Investment Highlights

  • 43 Unit Apartment Complex in the Hills of Belmont
  • Large Pool, Laundry Room, and Private Balconies
  • Opportunity to Add Additional Units

Exclusively Listed By

Multifamily

200 Irene Ct

Listing Price: $22,000,000

Cap Rate
3.00%
Number of Units
43
Occupancy
97.0%
Price/Unit
$511,628
Price/Gross SF
$502.74
Gross SF
43,760

Investment Highlights

  • 43 Unit Apartment Complex in the Hills of Belmont
  • Large Pool, Laundry Room, and Private Balconies
  • Opportunity to Add Additional Units

Investment Overview

Marcus & Millichap is honored to present 200 Irene Court in Belmont, California. 200 Irene Court is a forty-three unit apartment complex, built in 1965, sitting on a 42,471 SF / 0.97 Acres lot, per county assessor. There are four (4) Studio units, thirty-one (31) 1 Bedroom x 1 Bathroom units, five (5) 2 Bedroom x 1.5 Bathroom units, two (2) 3 Bedroom x 2 Bathroom units and one (1) 5 Bedroom x 3 Bathroom unit. There are three buildings on the lot with a total of 43,760 square feet, per county assessor. There is a large pool and a large communal room with washers and dryers on site for tenants. The units also have very large private balconies with views of the San Francisco Bay. There are assigned covered parking spaces on the property and street parking. 200 Irene Court is conveniently located with many shopping, eating, and entertainment options close by. The property offers quick access to Highway 280, Highway 101, and the San Mateo-Hayward Bridge.

Exclusively Listed By

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