Description
Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.
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0BEDS
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0.49ACRES
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0BATHS
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01/2 BATHS
Description
Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-06T07:38:19.17. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.