1007 Hemlock Avenue Millbrae, CA 94030
Listing Courtesy of: MLSlistings Inc. / Burlingame / Gregory "Greg" Cohn
$5,478,000

  1007 Hemlock Avenue Millbrae, CA 94030

Active (9 Days)

Description

This completely renovated 11-unit apartment building offers the seasoned investor an opportunity to create the perfect tenancy in a low-maintenance newly renovated property. The building is offered vacant & ready for occupancy. Due to a 2020 electrical fire, the building was completely renovated, and most exterior & interior building components have been replaced including a new roof, stucco exterior, sheetrock, sprinklers, windows & doors, electrical systems, hot water heater & plumbing throughout. Lower walkways have fresh cement, upper walkways were refinished and sealed with waterproof coatings. The driveway has a fresh slurry seal, and the parking area has been re-striped. The apartments are all 2-Bedroom, 1 Bath units, 850sf each and situated on a 11,031sf, parcel zoned R-3. The building offers 11 carports + 6 guest parking spaces, an on-site laundry room & 12 storage closets. MLS income/expenses are estimated based on Nov 2022 appraisal.

MLS #:
ML81916660
Taxes
$63,545
Lot Size
0.25 acres
Type
Multifamily
Year Built
1985
School District
932
County
San Mateo County
Bathroom Details
Interior Features
  • Coin Operated
Kitchen
  • Oven Range - Electric
  • Oven - Electric
  • Hood Over Range
  • Garbage Disposal
  • Exhaust Fan
  • Dishwasher
  • Countertop - Stone
Lot Information
  • Paved
  • Grade - Level
Property Features
  • Sprinklers - Lawn
  • Balcony / Patio
  • Foundation: Concrete Slab
Heating and Cooling
  • Electric
  • None
Flooring
  • Laminate
Exterior Features
  • Roof: Shingle
  • Roof: Composition
Utility Information
  • Utilities: Water - Public, Public Utilities, Individual Gas Meters, Individual Electric Meters
  • Sewer: Sewer - Public
  • Energy: Other
Garage
  • Electric Gate
  • Covered Parking
  • Common Parking Area
Stories
  • 3
Living Area
  • 9,350 sqft
Additional Listing Info
  • Selling Office Commission: 2.50
Location
   
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Estimated Monthly Mortgage Payment

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