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Listing 1 out of 500
$2,789,000 Pending

417 Portofino Drive
San Carlos, CA 94070

4 units | Multi Family Home
16988 sq ft lot - MLS# ML81765634
Property Photo
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Description

Turnkey investment opportunity mid-San Carlos Hills location on cul-de-sac w/views, fully leased, cash flow positive. The building consists of (4) 2 bedroom, 2bath, approx. 1,200 +/- sq.ft. spacious remodeled units. Interior upgrades include double-pane windows throughout. New Roof, 08/2019. Coin-operated laundry on premises.

Features

  • Property Type: Multi Family Home
  • Sub Type: FOURPLEX
  • Listing Status: Pending
  • County/Area: San Mateo County
  • Zip Code: 94070
  • Year Built: 1963
  • Age: 56
  • Units: 4 units
  • Lot Size: 16988 sq ft lot
  • View: Bay, City Lights, Hills, Panoramic
  • Zoning: R300
  • Annual Gross Sched Income: $146,850
  • Annual Rental Inc: 146600
  • Annual Utility Expense: $1,788
  • Cooling: No Air Conditioning
  • Existing Lease Terms: Month To Month, Written Agreement, Year Lease
  • Exterior: Dual Pane Windows
  • Flooring: Hardwood Floors, Laminate
  • Heating: Forced Air 1 Zone
  • Laundry: Coin Operated
  • Lot Sq Ft Apx: 16988
  • Net Operating Income: $112,898
  • Operating Expenses: Maintenance/Repair, Trash Removal, Utilities, Vacancy Factor
  • Park Spc Tot: 3
  • Roof: Tar And Gravel
  • Unit 1: 2-Bedrooms
  • Unit 2: 2-Bedrooms
  • Unit 3: 2-Bedrooms
  • Unit 4: 2-Bedrooms
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Intero Real Estate Services, Cher Rowland

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David N. Iphie
Dave Realty & Investments
303 Hegenberger Rd #311
Oakland, CA 94621
510-813-9216
Contact Me

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David N. Iphie | 510-813-9216 | Contact Me
303 Hegenberger Rd #311 - Oakland, CA 94621
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