Description:

4 PLEX GOLDEN INVESTMENT OPPORTUNITY with 5.71 cap rate currently generates $96,000 gross annual income with even greater potential, and only $16,000 in operating expenses. Charming 2 story vintage building well located in a prestigious part of San Mateo consisting mostly of single family homes. All units have been updated and there is an existing record of little vacancy. The 2,520 +/- sq. ft. 106-year-old property sits on a good sized 4,800 +/- sq. ft. corner lot. There are individual gas and electric meters for each unit to offset operating costs. It is in great proximity to both the Burlingame and Hillsborough borders.