Property
Beds
10
Full Baths
4
1/2 Baths
2
Year Built
1978
Sq.Footage
N/A
Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow. The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1½ bathrooms, appealing to long-term tenants and supporting consistent occupancy. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, a 2019 roof, and a newly installed septic tank. With all apartments currently rented, the property generates an estimated Net Operating Income of $70,000 annually, offering investors an attractive 7% cap rate. The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk. Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year. No signs on the property, please do not disturb tenants.
Features & Amenities
Interior
-
Total Bedrooms
10
-
Bathrooms
4
-
1/2 Bathrooms
2
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete, Vinyl Siding
-
Parking
No Garage
-
Patio and Porch Features
Patio
-
Pool
No
Area & Lot
-
Lot Features
Paved
-
Lot Size(acres)
0.19
-
Property Type
Residential
-
Architectural Style
Duplex
Price
-
Sales Price
$1,010,000
-
Tax Amount
4271.0
-
Zoning
City
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Patronis
-
Middle School
Surfside
-
High School
Arnold
Property Features
-
Sewer
Public Sewer
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Bay
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Listing Courtesy of Oscar D Forero , Coldwell Banker Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
REALTORĀ®
Kaitlin Palmer
Call Kaitlin today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.Ā© 2024 FMLS.