Presenting an excellent investment opportunity in a prime locationthis commercial apartment building features 5 well-designed units, 4 units with1 bed and 1 bath, 1 unit with 2 bed and 1 bath. With 3 units currently occupied and 2 units vacant, this property offers immediate rental income potential as well as the flexibility for new tenants. Each unit features beautiful wood floors and a full kitchen, making them appealing to a variety of residents. Additional highlights include dedicated parking for each unit, providing convenience for residents and enhancing the property's appeal. With a strong rental history and the potential for increased revenue from the vacant units, this property is an ideal choice for investors looking to expand their portfolio or capitalize on the growing rental market. Dont miss out on this opportunity!
*GREAT OPPORTUNITY FOR A NEW APARTMENT DEVELOPMENT. 20-25 UNITS WITH A 50 FT. BUILDING HEIGHT*
SELLER FINANCING AVAILABLE!
The median home value in Belmont, CA is $1,915,000. This is higher than the county median home value of $1,488,500. The national median home value is $338,100. The average price of homes sold in Belmont, CA is $1,915,000. Approximately 53.02% of Belmont homes are owned, compared to 41.05% rented, while 5.93% are vacant. Belmont real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Belmont real estate agent to arrange a tour today!
Belmont, California has a population of 28,109. Belmont is more family-centric than the surrounding county with 44.26% of the households containing married families with children. The county average for households married with children is 35.93%.
The median household income in Belmont, California is $178,125. The median household income for the surrounding county is $136,837 compared to the national median of $69,021. The median age of people living in Belmont is 40.2 years.
The average high temperature in July is 80.4 degrees, with an average low temperature in January of 38.9 degrees. The average rainfall is approximately 26.8 inches per year, with 0 inches of snow per year.