MLS® ID: ML81763743
2707 Marlborough AVE
REDWOOD CITY, California, 94063 $1,798,000
Rare opportunity to invest in mid peninsula's dynamic Redwood City! Updated triplex features one bedroom/ one bath units all with washer/dryer, private yards and ample parking. Remodeled with new flooring, kitchens, bathrooms, paint and double pane windows. Situated on a large corner lot next to a lovely community garden. Fantastic investment, in the current low interest environment, with a current cap rate greater than 3% and a GRM of about 20. No rent control. The investment appeal of this asset is driven by an economically robust area, low vacancies and a high demand for employment and housing. Strategically located between San Francisco and Silicon Valley, a plethora of major employers, boundless opportunities for recreation and convenient access to 101 and 280 make this an attractive long term investment.. Redwood City enjoys a thriving revitalized downtown.Close to Cal Trains,the Sand Hill Corridor, Stanford,. Walk to downtown, Fantastic investment opportunity.