1007 Hemlock Avenue, Millbrae, CA 94030
- $5,478,000
- 9,350
- SqFt
- List Price
- $5,478,000
- Status
- ACTIVE
- MLS#
- ML81916660
- Year Built
- 1985
- Living Sq. Ft
- 9,350
- Lot Size
- 11,031
- Acres
- 0.25
- Lot Location
- Level, Paved
- Days on Market
- 1285
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property 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.
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Additional Information
- Taxes
- $63,545
- Appliances
- Dishwasher, Electric Oven, Disposal, Range Hood, Vented Exhaust Fan
- Heat
- Electric
- Cooling Description
- None
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $358,800
Listing courtesy of Listing Agent: Gregory Cohn (greg@gcohn.com) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.