163 Willow Rd, Menlo Park, CA 94025 Menlo Oaks Area MLS# 80824474 – Property Details
Willow Rd, Menlo Park, CA
* Status: Active
* Bedroom: 4
* Bathroom: 3
* Year Built: 1951
* Lot Size: 19900
* Square Footage: N/A
* List Date: 7/28/2008
* Garage Spaces: 2
* MLS#: 80824474
Great opportunity! Two homes on one lot, 161 and 163 Willow Road: 3 bed, 2 bath and 2 bed, 1 bath. Larger home currently rented for $2,500 per month on month to month basis. 19,900 square foot lot. Please check with City of Menlo Park for lot split possibility. Wonderful Menlo Park Schools.
Menlo Park is famous for its Venture Capitalist community. And personally, I don’t think I’ve see a better profit opportunity in a while. All you need are some angel investors!
First, buy $2.2 million house.
Second: Rent the larger home for $2500 a month, and the smaller one for $2000 a month. That’s $4500 a month. Find some other way to pay the remaining $6129 a month for the mortgage.
Sure you might have negative cash flow at the beginning, but does every start up? After a few years, you’ll be up and to the right – hockey stick style. Then boom! You’ll be super glad you bought these two houses at this Labor Day buy one get one free house sale.
Anyone want to work up a term sheet? Come on you entrepreneurs! Make it happen!