List Search

2200 Village Ct
Belmont, CA 94002 Belmont

$10,150,000 USD

Apartments For Sale  •  24,785 SF

Property Details

  • Property Type Apartments
  • Total Building Size 24,785 SF
  • Lot Size 0.52 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 4.11 %
  • Zoning R40000
0 Transit Score
72 Walk Score

Highlights

Rarely Available, Generational 23 High-Quality Units w/ Spacious Floorplans & Panoramic View w/ Excellent Rental Upside
Easy-to-Manage, Strong Cashflow, Turnkey Opportunity w/ High Tenant Satisfaction and Low Tenant Turnover
SPACIOUS UNITS w/ Excellent Floorplans: (14) LARGE 1 BR/1 BA Units (+/- 644 to 736 SF) and (9) SPACIOUS 2 BR/1 BA Units (+/- 875 to 883 SF)
Potential to Convert 13 Carports w/ 9' Ceilings to Add 5 ADU at +/- 550 SF Each. Top to Bottom Elevator Access
Achieve 4.11% CAP / 15 GRM on In-Place Rents; Achieve 5.97% CAP / 11.3 GRM w/ 5 ADU's

Property Flyers

Financial Summary (Actual)

Net Operating Income: $519,263 USD (2024)
Cap Rate: 4.11 %
Total Expenses: $154,865 USD

Amenities

  • Dishwasher
  • Microwave
  • Property Manager on Site
  • Refrigerator
  • Oven
  • Range
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Belmont (Caltrain - Caltrain (Caltrain)) 4 min - 1.7 mi
Belmont Caltrain Station Southbound (Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 5 min - 1.7 mi
AirportDriveWalkDistance
San Francisco International 20 min - 12.6 mi
Norman Y Mineta San Jose International 34 min - 24.3 mi
Metro Oakland International 39 min - 28.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 27
Type: Surface
Included in Rent: Yes
Don Sung 650-380-5188 Colliers
Don Sung 650-380-5188 Colliers