Excellent Location & Easy to Access: Serene, Quiet Neighborhood on Tree-Lined Street in Central San Mateo. Pride-of-Ownership Duplex - Both Units Are Spacious 2-Bedroom /1-Bath Units With Sizable Frontyard & Private Backyard Plus 2 Attached Garages. Ideal Opportunity For Owner-User or as Investment Opportunity With Excellent Value Appreciation & Cashflow. Rarely Available San Mateo Duplex Property in High-Demand Rental Area - Excellent Rental Upside & Ease of Management. Close Proximity to Downtown San Mateo and Caltrain Station - 6 Min by Bike & Easy Access to Downtown. Strong In-Place Rents ($2,500 and $2,800 MTM) Offering Excellent Current Cashflow and Future Rent Growth/Good Upside. Very Good Current (2.2%) & Pro-Forma Cap Rate (3.5%) and GRM (17.5). Each Unit Separately Metered. Each Tenant Pays Own PG & E, Water & Garbage. Landlord Pays Property Tax & Insurance Only. Easy Access to 101, 92, El Camino Real, and Other Major Freeway & Major Employers. PLEASE DO NOT DISTURB TENANTS.

• MLS: ML81774542
• Type: Duplex
• Listed: 11/4/2019
• Sold Date: 12/2/2019
• Schools: GS Dist: San Mateo-Foster City Elementary District
  HS Dist: San Mateo Union High District
• Year Built: 1958

Garage Parking Features Uncovered Parking

Listing Class Residential Income (2-4 units)

General Features Cooling: None Existing Lease Term(s): Month to Month Heating: Wall Furnace Horse Property: No No of Stories: 1 Roof: Shingle Security Features: None Sewer Septic: Sewer - Public Subclass: Duplex Water: Public