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Listed by Stephen Guzzetti • Intero Real Estate Services
$ 1,688,000
Est. payment /mo
Active
1931 Palm Avenue San Mateo, CA 94403
2,137 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,137 sqft
Price per Sqft $789
MLS Listing ID ML82020858
HOA Y/N No
Year Built 1955
Lot Size 4,750 Sqft
Property Sub-Type Duplex
Source Datashare MLSListings
Property Description
1931-1933 Palm Ave Duplex represents a very attractive investment and outstanding opportunity for the savvy investor. Located in a very desirable and sought after rental submarket, this duplex offers value-add upside through unit upgrades and rental repositioning. The units have been well maintained and have superior tenant profiles affording stable income and worry free operation. All units feature spacious 2 bedroom and 1 bathroom units featuring their own water heater. There is a common backyard for relaxing and entertaining and separate 1 car attached garages which include washer and dryer hookups. The units also boast dual pane windows and all utilities (PG&E & Water) are separately metered. Near Central Park and the vibrant downtown scene with nearby dining and shopping. CalTrain, Highways 101 and 92 are just minutes away with SFO and Bart less than 10 miles away as well. 1927 & 1929 Palm Ave duplexes are just across the beautiful and functional paver driveway/courtyard and are also for sale by the same owner. These two duplexes can be sold in combination or separately via a driveway easement and maintenance agreement. This duplex is 100% leased up. NEW Sewer Laterals!
Location
State CA
County San Mateo
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Tile
Fireplace No
Window Features Double Pane Windows
Schools
School District San Mateo Union High, San Mateo-Foster City Elementary
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