Listed by Compass Commercial, compass
$3,700,000
727 - 729 Waverley Street
Details
APN 120-16-059
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,535
Cap Rate 3.36%
NOI $124,479
Price per SqFt $1,047
Year Built 1904
Buildings 2
Lot Size (SqFt) 7,500
Zoning RM-30
Investment Type Value Add
Sale Condition N/A
Multifamily | $462,500/unit
Marketing description
727 - 729 Waverley St offers apartment investors an incredible opportunity to own income property in one of the best rental markets in the world. These rarely available apartments are located only 2 blocks (100 yards) from the heart of downtown Palo Alto and University Ave.
Investment highlights
- Six 1-bed, 1-bath units + Two nonconforming Bachelor Studios (bedroom + bathroom only)
- Well maintained property with updated electrical panels, new rear stairway with SB721 clearance, and numerous other repairs done as needed
- 7,500 sf lot with RM-30 Zoning in a predominantly residential University South neighborhood
- Below market rents with LOTS of potential to increase cash flow for a new owner
- 3 units are available for immediate rent increases
- Leased coin operated laundry available for all units.
Listing Contacts
Listed by Compass Commercial, compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,479.00
$10,373.25/mo
Valuation Metrics
0
DSCR
3.36%
Cap Rate
3.36%
ROI
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