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2200 Village Court, BELMONT, CA 94002
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$10,150,000
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Home Details for 2200 Village Court
Price
$10,150,000
Type
Multi Family
Year Build
1965
Sq. Ft.
24785
Lot Size
0.5317
County
San Mateo
Tax
$148,173
MLS®️ Listing#
ML82015448
On exitrealty.com
150 days
Listed By: Colliers Parrish International, Inc. - 408-282-3800. Listed By: Don Sung
Property Description
Why Settle on $20,000/Month in Rental Income on a High-End Rental Home (From 1 Tenant) When You Can Receive $57,000/Month in Rental Income from a Diversified 23-Tenant, High-End Apartment? What a Great Way to Retire and Travel and Hire a Property Manager to Address Tenant Issues on a Stabilized Property. Rarely Available 23-Unit Asset in Highly Desirable Carlmont Village. Iconic, One-of-a-Kind Property w/ Panoramic Views. Coupon-Clipper, Easy to Manage w/ Excellent Tenants and Stable Cashflow. (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF). All 23 Units Feature Dishwashers, w/ Potential to Add In-Unit Washer/Dryers. Covered Carport Parking Spaces, Storage for Tenants and Top-to-Bottom Elevator Access. Convert +/- 2,565 SF of Enclosed Carport w/ 9' Ceilings to (5) 1 BR/1 BA or Studio ADU's. 5 ADU's: Achieve $11,250/Month (or $135,000/Yr) in Additional Gross Rental Income. Over $500,000 Cap. Ex. Invested: Dual-Pane Windows, Roof, Copper Plumbing, 800 AMP Square D Panel. Walk Score: 80, With Walkability to Carlmont Village. Quick Access to Freeways 280 and 101. In-Place CAP Rate: 4.11% / Pro-Forma CAP Rate: 5.0%. In-Place GRM: 15 / Pro-Forma GRM: 13.3. CAP Rate (w/ 5 ADU's): 5.97% / GRM (w/ 5 ADU's): 11. Cost/SF: $410/SF
- Parking
- Carport
- Assigned
- Cooling Information
- None
- Heating Information
- Electric
- Water Features
- Public
- House Interior
- Elevator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than EXIT Realty are marked with the Internet Data Exchange adn detailed information about them includes the names of the listing brokers and listing agents.Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.
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Last Updated: 2025-10-26 03:00:21
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EXIT REALTY CONSULTANTS
1361 S. Winchester Blvd. Suite 103, San Jose, CA 95128
Licensed in the state of California
CA DRE# 01424183. Kris Klair Broker.
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$10,150,000
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EXIT REALTY CONSULTANTS
1361 S. Winchester Blvd. Suite 103, San Jose, CA 95128
Licensed in the state of California
CA DRE# 01424183. Kris Klair Broker.