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609 Rollins Road

Burlingame, CA 94010
  • $2,354,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: ML81890301
UPDATED: 46 min ago
$2,354,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Listing Agent(s): Don Sung of Colliers Parrish International (408-282-3800)


Description

RARELY-AVAILABLE High-Quality 4-Units in Burlingame w/ Easy Access to 101 & Broadway. Ideal for Owner-User or Investor Hassle Free Income. A-Location in North Burlingame (Rollins Rd @ Oak Grove). Easy Access to Broadway Burlingame, Caltrain, and Highway 101 Broadway Exit. Easy to Manage, w/ Excellent Tenants. High-Demand Rental Area w/ Below-Market Rents. 4 Well-Maintained Units: 2 BR/1 BA: 760 SF; and 1 BR/1 BA: 622 SF. Most Units are Updated. Each Unit Offers: Wall Furnace, Individual Water Heaters, Kitchen (Dishwasher, Gas Range), Enclosed Parking Garage. Tenants Pay Own PG/E Meters. Owner Pays Water, Garbage and Gardener. Nice Floorplans Offer Ease of Rental & Hassle-Free Management. Extremely Supply-Constrained Core-Burlingame Market (Little to No Apartments for Sale). Scarce Inventory and Low Transaction Velocity. Property Offers Excellent Hedge Against Inflation-High-Quality Asset in Excellent Location Providing Steady Cashflow and Value Preservation & Appreciation

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128673739
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609 Rollins Road Burlingame, CA 94010

  • Price: $2,354,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 46 min ago
  • ID#: ML81890301
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1951
Built
Neighborhood:
699 - Not Defined
County:
San Mateo
Area:
699 - Not Defined
Property Description
RARELY-AVAILABLE High-Quality 4-Units in Burlingame w/ Easy Access to 101 & Broadway. Ideal for Owner-User or Investor Hassle Free Income. A-Location in North Burlingame (Rollins Rd @ Oak Grove). Easy Access to Broadway Burlingame, Caltrain, and Highway 101 Broadway Exit. Easy to Manage, w/ Excellent Tenants. High-Demand Rental Area w/ Below-Market Rents. 4 Well-Maintained Units: 2 BR/1 BA: 760 SF; and 1 BR/1 BA: 622 SF. Most Units are Updated. Each Unit Offers: Wall Furnace, Individual Water Heaters, Kitchen (Dishwasher, Gas Range), Enclosed Parking Garage. Tenants Pay Own PG/E Meters. Owner Pays Water, Garbage and Gardener. Nice Floorplans Offer Ease of Rental & Hassle-Free Management. Extremely Supply-Constrained Core-Burlingame Market (Little to No Apartments for Sale). Scarce Inventory and Low Transaction Velocity. Property Offers Excellent Hedge Against Inflation-High-Quality Asset in Excellent Location Providing Steady Cashflow and Value Preservation & Appreciation
Exterior Features

Carport Spaces 0 Carport YN Yes Foundation Details Concrete PerimeterSlab Parking Features CoveredDetached CarportOne Space Parking Total 4 Roof Composition

Interior Features

Accessibility Features Grab BarsParking Appliances DishwasherExhaust FanElectric RangeDisposalGas RangeRefrigeratorVented Exhaust Fan Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Cap Rate 2.53 Garage YN Yes Gross Scheduled Income 108666 Insurance Expense 2000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 2400 Security Features Security Lights Special Listing Conditions Standard Trash Expense 1007 Zoning R-3 / Rollins Road Res..



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Don Sung of Colliers Parrish International (408-282-3800)