3151 sqft | 8 beds | 3 baths | 0.09 acres | #ML81984874
Description
Stunning Fully Rented Triplex with 5% Cap Rate in the Heart of Colma, CA! Welcome to this beautifully renovated triplex at 448, 450, and 450 1/2 E St in Colma, CA. Completely updated with permits, this property offers modern amenities and is compliant with todays standards, making it move-in ready for generational living or an ideal turn-key investment. This fully rented property generates a total monthly income of $10,749, or an annual income of $131,433.30, plus the additional laundry income from the laundry room at the property. Tenants pay for their utilities, leading to a cap rate of 5% at the list price of $2,015,000. Its the perfect opportunity for investors looking for a stable, low maintenance, income-generating property in a growing market. Nestled in a vibrant and friendly neighborhood, this triplex combines suburban tranquility with urban convenience. Located just 4 miles from Mussel Rock Park and Beach, 8 miles from San Francisco International Airport (SFO), 10 miles from downtown San Francisco, and 2 miles from Daly City, it's an ideal location for commuters and frequent travelers. The area is well-connected by public transit, ensuring hassle-free commuting. Don't miss out on this exceptional opportunity to own a piece of Colma's charm.
Property Details
- Property SubtypeSingleFamilyResidence
- Sewer InformationPublicSewer
- Original List Price$2,015,000
- MLS #ML81984874
- MLS #ML81984874
- CountySan Mateo
- Property TypePurchase
- Cost2015000
- Utility SourcePublic
- Acres0.092
- School DistrictOther
- Square Feet3151
- Year Built1910
- FoundationSlab
- Bedrooms8
- Bathrooms3
- Full Baths3
- Stories2
- Parking Spaces2
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Andrew Pak (#ML485459)
Listing Office: EQ1 (#ML89465)
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