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Multifamily

1650 Bay Rd

1650 Bay Rd, East Palo Alto, CA 94303

Listing Price: $1,850,000

Cap Rate
4.84%
Number of Units
5
GRM
13.64
Occupancy
97.0%
Price/Unit
$370,000
Price/Gross SF
$206.04
Gross SF
8,979

Investment Overview

The Batlin group is pleased to introduce a meticulously maintained multifamily property, boasting 5 unique units, with 3 recently renovated to modern
standards. Each unit in this attractive investment offers individual metering and comes with its own dedicated parking spot, enhancing convenience for
all residents. Highlighting this offering, 3 of the exclusive parking spots are covered carports, providing additional protection and value.
The property features two distinct units situated at the back, offering enhanced privacy and a serene yard space, ideal for relaxation or small gatherings.
The recent renovations extend beyond the interiors, as the building is equipped with a newly installed roof and dual-pane windows throughout, ensuring
energy efficiency and reduced noise pollution. All units benefit from updated plumbing systems, guaranteeing hassle-free living for tenants and peace of
mind for the new owner. A brand-new, 6-foot security gate encircles the property, offering an extra layer of safety and privacy.
A newly constructed laundry room adds a convenient amenity for all residents, potentially increasing the property's appeal and rental value. This
multifamily listing is not just a living space but a carefully considered investment that has been upgraded and maintained to attract and retain quality
tenants.
Seize the opportunity to own this turnkey multifamily property, where every detail has been addressed to ensure an optimal blend of comfort, security,
and profitability.

Investment Highlights

  • New electrical and plumbing in all units
  • Newly constructed laundry room on site
  • 3 Units renovated to contemporary standards

Exclusively Listed By

Multifamily

1650 Bay Rd

Listing Price: $1,850,000

Cap Rate
4.84%
Number of Units
5
GRM
13.64
Occupancy
97.0%
Price/Unit
$370,000
Price/Gross SF
$206.04
Gross SF
8,979

Investment Highlights

  • New electrical and plumbing in all units
  • Newly constructed laundry room on site
  • 3 Units renovated to contemporary standards

Investment Overview

The Batlin group is pleased to introduce a meticulously maintained multifamily property, boasting 5 unique units, with 3 recently renovated to modern standards. Each unit in this attractive investment offers individual metering and comes with its own dedicated parking spot, enhancing convenience for all residents. Highlighting this offering, 3 of the exclusive parking spots are covered carports, providing additional protection and value. The property features two distinct units situated at the back, offering enhanced privacy and a serene yard space, ideal for relaxation or small gatherings. The recent renovations extend beyond the interiors, as the building is equipped with a newly installed roof and dual-pane windows throughout, ensuring energy efficiency and reduced noise pollution. All units benefit from updated plumbing systems, guaranteeing hassle-free living for tenants and peace of mind for the new owner. A brand-new, 6-foot security gate encircles the property, offering an extra layer of safety and privacy. A newly constructed laundry room adds a convenient amenity for all residents, potentially increasing the property's appeal and rental value. This multifamily listing is not just a living space but a carefully considered investment that has been upgraded and maintained to attract and retain quality tenants. Seize the opportunity to own this turnkey multifamily property, where every detail has been addressed to ensure an optimal blend of comfort, security, and profitability.

Exclusively Listed By

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