2241 Vlg Ct, Belmont, CA 94002-3436
This exceptional investment opportunity presents a five-unit commercial apartment building situated at 2241 Village Court, Belmont, CA. The property encompasses 4,412 square feet on a 0.13-acre lot. The building comprises four one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Currently, three units are occupied, generating immediate rental income, while two units are vacant, offering potential for increased revenue. Each unit boasts attractive wood floors and a fully equipped kitchen, enhancing their appeal to a wide range of tenants. Convenient dedicated parking is provided for each unit, adding to the property's desirability. The building's strong rental history and the potential for further income growth from the vacant units make this an attractive proposition for investors seeking to expand their portfolio or capitalize on the robust rental market in Belmont. The asking price for this well-maintained property is $2,488,888. This presents a compelling opportunity to acquire a stable, income-generating asset in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.