Discover Your Easy Path to Wealth: 1950 Ivy St, San Mateo, CA.
Tired of renting? Become a landlord overnight with this simple, ready-to-rent 6-unit apartment building in family-friendly San Mateo! Cozy units in a quiet neighborhood near parks, schools, and tech jobs. Tenants love it, and you'll love the steady checks. No fancy skills needed; just buy, collect rent, and relax. Priced at just $2.4M your smart start to financial freedom!
Benefits for You Over the Next 5 Years (Buying at ~$2.4M)
Passive Income Stream: Expect around $200,000+ yearly gross rent (based on San Mateo's average $3K-$3,600/month per unit). After basic costs, pocket $100,000 to $140,000 net annually over $500,000 in 5 years to cover bills or vacations!
Property Value Growth: Bay Area homes like this could appreciate 2%-4% yearly (conservative forecast amid tech boom and low inventory). Your $2.4M investment might hit $2.7M$3M by 2030, adding $300K - $600K in equity without lifting a finger.
Build Wealth Simply: Pay down a mortgage with tenant money, gain tax breaks on depreciation, and enjoy a secure asset in a hot market. No stock market risks. Just reliable real estate in a growing area near Silicon Valley jobs and great schools for long-term stability.
For sale
$2,400,000
Ivy Sanmateo, San Mateo, CA 94403
--beds
--baths
4,428sqft
Est.:
Five Or More Units
Built in 1958
-- sqft lot
$2,303,700 Zestimate®
$542/sqft
$-- HOA
What's special
Quiet neighborhoodNear parks
- 26 days |
- 136 |
- 3 |
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