1007 Hemlock Avenue

Millbrae, CA 94030 Active for $5,478,000

Overview
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Property History
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Beds: N/A Baths: Structure Size: 9,350 sqft Lot Size: 11,031 sqft

Property Facts

MLS	ML81916660
Year Built	1985
Property Type	Mixed Use
County	San Mateo
Status	Active
Active	$5,478,000
Structure Size	9,350 sqft
Lot Size	11,031 sqft
Beds	N/A
Baths

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.

Listing information courtesy of: Gregory Cohn, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/06/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.