Listing Description
Well-maintained building in strong rental market. Moments to Santana Row and Valley Fair Mall. New dual paned windows, exterior doors, exterior paint, and newer roof. Upside potential in rents. Market GRM: 9.80. Market Cap Rate: 6.61%. Attractive fixed rate and adjustable rate loans available.
Property Features
- 1Bed/1Bath Units: 18
- 2Bed/1Bath Units: 4
- Acres: 0.40
- Amenities: Common Patio
- Appliances Included: Carpets - All Units,Disposal - All Units,Oven/Range - All Units,Refrigerator - All Units
- Complex Name: Woodmont Apts
- County/Area: Santa Clara County
- Exterior Features: Storage Locker
- Flooring: Tile,Wall to Wall Carpeting,Linoleum or Vinyl
- Foundation: Concrete Perimeter & Slab
- Heating: Wall Furnace,Gas Heat
- Laundry Features: 220 Volts in Laundry Area,Coin-Op W/D - Owned,Common Utility Room,Gas Hookup in Laundry Area
- Listing Price: $2,750,000
- Lot Size: 17280.0000, SF
- Lotsize Range: .25+ to .5 Acre
- Num. of Buildings: 1
- Parking: Uncovered,Carport(s) (Multi-Res),1 Space per Unit
- Property Age: 52 Years
- Property Type: Multi Family Home
- Roofing: Composition
- Sewer: Sewer in & Connected
- Sq.Ft.: 11260
- Status: Active
- Stories: 2 Stories
- Unit Range: 13 to 26 Units
- Unit Types: 1 Bedroom Unit(s)
- Units: 22
- Utility Meters: Individual Electric Meter,Individual Gas Meter,Master Water Meter
- Water: City/Public Water
- Year Built: 1957
- Zip Code: 95128
Courtesy of NAI BT Commerical- Palo Alto