2106 – 2112 Williams Street offers an investor an exceptional opportunity to acquire a fourplex featuring a total of four units in Palo Alto’s world-class College Terrace neighborhood.
2106 – 2112 Williams is a Fourplex consisting of (1) 900 sf 2-Bed / 1-Bath, and (3) 600 sf 1-Bed / 1-Baths on a 6,875 sf lot.
Attractive Layouts: All units offer significant storage area, large closets and private patio space or balconies.
Value-Add Potential: The interiors are mostly original and all very clean with lovely vintage charm kept well by Class A tenants. A new owner will have the opportunity to add tremendous value in a multitude of ways including: ADUs, higher end amenities bringing higher rents over time, enhancing outdoor private areas & development potential on a 10,500 sf lot. In-place rents are excellent so there is no urgent need for these upgrades. It has on-site laundry facilities which could be converted to coin-operated machines for additional income, and ample carport parking.
Spacious Owner’s Unit: Includes a large 2-bedroom unit that works well for possible owner occupancy or repositioning as a fully leased investment, providing multiple execution and exit strategies.
Residential Financing Available: Williams Street provides purchasers the rare ability to acquire attractive 30-year fixed residential financing for a 6-unit building by placing 2 separate loans on the property, one per parcel – the current owners hold the property in this fashion and we have quotes from multiple lenders eager to partner with borrowers. The properties are available to purchase individually or together.
Prime Palo Alto Rental Market: The property benefits from a steady flow of prospective tenants due to its central location and proximity to major employers, transit, and retail amenities. Tenants enjoy gated access in the back fence of the property directly into Cameron Park, and College Terrace is strategically located in close proximity to Stanford University, Stanford Research Park & Stanford Shopping Center and walking or short bikeride distance to dining and shopping amenities on California Avenue, with easy access to Caltrain Station and Highways 101 & 280.
