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2206 Lincoln ST East Palo Alto, CA 94303
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Key Details
Sold Price $1,470,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $493
MLS Listing ID ML81715142
Bedrooms 7
Full Baths 5
Year Built 1920
Lot Size 0.252 Acres
Property Description
INVESTORS COME RUNNING. THIS IS TYPE OF PROPERTY YOU HAVE BEEN SEARCHING FOR. VERY PROFITABLE AIR B&B. AIR B&B PROVIDES THE TENANTS SO THERE ARE ONLY VERY SHORT PERIODS OF VACANCY. THE BEDROOMS ARE RENTED OUT INDIVIDUALLY AND THE TENANTS ARE COMPRISED OF STUDENTS OR INDIVIDUALS WORKING NEARBY. BONUS TO THIS PROPERTY IS THAT YOU CAN BUILD AN ADU, UP TO 1000 SQUARE FEET TO EARN EVEN MORE INCOME, IMPRESSIVE FINANCIALS THAT PROVIDES A HIGHER CAP RATE THAN MOST PROPERTES IN THE BAY AREA. DRIVE BY ONLY. TERMITE, ROOF, PROOERTY INSPECTIONS COMPLETED. OFFERS ARE SUBJECT TO INSPECTION.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R10006
Interior
Heating Central
Cooling None
Exterior
Parking Features Guest
Garage Spaces 2.0
Garage Description 2.0
Roof Type Composition
Building
Story 2
Sewer Public Sewer
New Construction No
Schools
School District Other
Others
Special Listing Condition Standard
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Bought with Jack Dent • Coldwell Banker Residential Brokerage
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