Excellent Location & Easy to Access: Serene, Quiet Neighborhood on Tree-Lined Street in Central San Mateo. Pride-of-Ownership Duplex - Both Units Are Spacious 2-Bedroom /1-Bath Units With Sizable Frontyard & Private Backyard Plus 2 Attached Garages. Ideal Opportunity For Owner-User or as Investment Opportunity With Excellent Value Appreciation & Cashflow. Rarely Available San Mateo Duplex Property in High-Demand Rental Area - Excellent Rental Upside & Ease of Management. Close Proximity to Downtown San Mateo and Caltrain Station - 6 Min by Bike & Easy Access to Downtown. Strong In-Place Rents ($2,500 and $2,800 MTM) Offering Excellent Current Cashflow and Future Rent Growth/Good Upside. Very Good Current (2.2%) & Pro-Forma Cap Rate (3.5%) and GRM (17.5). Each Unit Separately Metered. Each Tenant Pays Own PG & E, Water & Garbage. Landlord Pays Property Tax & Insurance Only. Easy Access to 101, 92, El Camino Real, and Other Major Freeway & Major Employers. PLEASE DO NOT DISTURB TENANTS.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
