Rare opportunity to own 16-units in Milpitas. Incredible unit mix: (4) 1+1, (8) 2+1, (4) 3+2. Spacious units - average over 1,028 square feet each. (4) 4-plexes on 1 large lot. Attractive price/sqft. at $328. Below market rents - Tremendous upside potential. Market GRM: 11.49 and Market Cap Rate: 6.26%. Over 7% Market Cash on Cash return. Convenient rental location: close to freeways, shopping, schools and park. Moments to new BART station and The Great Mall. New dual paned windows. Ample parking - (16) Carports and (12) open stall. Well-maintained buildings. Outstanding long term potential.
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Please call (408) 727-9600.
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