Excellent opportunity to own this 7-unit (FIVE 1 bedroom/1 baths & TWO studios) multi-family investment property, located in a sought after & convenient location close to Santa Row, Santa Clara University, downtown San Jose, major freeway corridors, shopping, restaurants and more. Currently fully occupied and historically low vacancy rates. This asset offers an exceptional opportunity for the savvy investor to come in and add value by further updating the units and increasing rents. Close proximity to the new Google campus should influence and push rents up and drive future appreciation. The next owner will be in a strong position to maximize rent potential given the building is EXEMPT FROM RENT CONTROL, 6 of the 7 units are on a month to month basis and 1 unit has a lease until January 2020. On-site coin operated laundry, 4 garages and 3 open air spaces. Various capital improvements performed over the recent years, low maintenance and easy to manage.
Individual Electric Meters, Individual Gas Meters
|Price Reduced||$2,495,000||$255,000 (9.27%)|
|Price Reduced (from $4,750,000)||$2,750,000||$2,000,000 (42.11%)|
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