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Natalie Miranda
marketing@thewhipplegroup.com$ 6,500,000
Est. payment | /mo
0.28 Acres Lot
$ 6,500,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82020231
HOA Y/N No
Year Built 1961
Annual Tax Amount $12,470
Lot Size 0.280 Acres
Property Description
Welcome to 1437 Floribunda Avenue in beautiful Downtown Burlingame. This 11-unit Residential Apartment Building was originally built in 1961 and has been lovingly owned and managed by it's current owners for over 50 years. Many fine upgrades and improvements have occurred in the past 25 years. There are (6), 1-bedroom, 1-bathroom apartments and (5) 2-bedroom 1-bathroom apartments. This is one of the best locations for multi-family income properties in the City of Burlingame. Only 3-blocks North of the vibrant commercial district of Burlingame Avenue, walking distance to the Caltrain Station, parks, schools, shopping. This location is ideal for those residents who work in San Francisco, Silicon Valley or the Peninsula. This fully-occupied, 11-unit apartment building offers immediate, stable cash flow with a 100% occupancy rate. Contact Listing Agent for details and disclosures.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R30000
Interior
Heating Forced Air, Wall Furnace
Cooling Central Air, Gas, Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 11
Total Parking Spaces 11
Building
Lot Description Level
Water Public
Schools
Elementary Schools Mckinley
Middle Schools Other
High Schools Burlingame
School District Other
Others
Tax ID 029112040
Special Listing Condition Standard
Virtual Tour https://www.tourfactory.com/idxr3214005
Listed by Ken Constantino Compass
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Natalie Miranda
Marketing Director | License ID: 02122928