26 Unit Multifamily Building For Sale

Description:

Built in 1965 of wood frame construction, pitched composition roof, and concrete slab foundation, the Mateo Apartments offers three buildings totaling ±23,170 gross rentable square feet. The unit mix boasts an impressive and rare mix of 11 3-bedroom/2-bath and 15 2-bedroom/1-bath units.

The grounds offer low maintenance and drought tolerant vegetation and landscaping throughout the sprawling ±39,117 square foot lot. The large lot offers ample on-site parking with tenant dedicated parking spaces. Floor plans include either hardwood or carpet floors throughout with linoleum and tile kitchen and bathroom floors, updated appliances, wood cabinets, granite counter tops and dual pane windows. Each unit offers a spacious bottom floor patio and top floor balcony. The building offers individually metered gas and electric to mitigate expenses and on-site laundry to boast income and streamline operations.

The Mateo Apartments are well-located in close proximity to the Bay Area’s major employment hubs via I-580 and I-880. Tenants can walk to the Bay Fair Bart Station, which is less than a mile away from the subject property, as well as many bus stops along East 14th Avenue. The immediate area further offers tenants an abundance of shopping, dining and entertainment.