Description
Very Rare investment opportunity: Attractive 8 cabin style apartments. Only $268K per unit. GRM only 11.34. Each unit is an independent studio, no shared wall between each unit. Most of the units have been renovated. Fantastic location: Minutes from Hwy 880 and 101. Tenants are attracted to this apartment location because of its nearby employment opportunities, and proximity to the greater Bay Area: downtown San Jose, Santa Clara, Sunnyvale, etc. Each unit is like a vacation cabin, not often seen in bay area. These units are not in San Jose Rent Control register and are not subject to San Jose Rent Control. Several units have low rents. Upside rent potential. This is an outstanding long term investment.
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0.26ACRES
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0BATHS
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01/2 BATHS
Description
Very Rare investment opportunity: Attractive 8 cabin style apartments. Only $268K per unit. GRM only 11.34. Each unit is an independent studio, no shared wall between each unit. Most of the units have been renovated. Fantastic location: Minutes from Hwy 880 and 101. Tenants are attracted to this apartment location because of its nearby employment opportunities, and proximity to the greater Bay Area: downtown San Jose, Santa Clara, Sunnyvale, etc. Each unit is like a vacation cabin, not often seen in bay area. These units are not in San Jose Rent Control register and are not subject to San Jose Rent Control. Several units have low rents. Upside rent potential. This is an outstanding long term investment.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-28T08:30:25.92. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.