2705 Homestead Road
- 19 Unit Multi-Family Investment
- Below Market Rents
- Very Low Vacancy History
- Superior Location in the Heart of Silicon Valley
- Major Shopping Center Directly Across the Street
- Large Recreational Park 1 Block Away
- Major High Tech Employment Hub
- On-Site Laundry Facilities for Additional Income
- Covered Parking Spaces
- Current Cap Rate: 4.87%
- Pro Forma Cap Rate: 5.90%
- Current GRM: 14.43
- Pro Forma GRM: 10.80
- Price per Unit: $326,316
- Price per Square Foot: $328.251
- Gross Square Footage: 18,888
- Lot Size: 0.44 Acres
- Type of Ownership: Fee Simple
- Unit Mix:
- 2 Bedroom/1 Bath - 6 Units
- 1 Bedroom/1 Bath - 12 Units
- Studio - 1 Unit
Property Description
Introducing a prime investment opportunity in the heart of Santa Clara, CA. This property boasts an 18,888 SF building with 19 units, all 100% occupied. Built in 1960 and zoned R3, this ideal multifamily/low-rise/garden property offers a solid investment in the sought-after Silicon Valley. With its impressive occupancy rate and prime location, this property promises exceptional returns and long-term potential. Don't miss the chance to acquire this lucrative investment in the thriving Santa Clara market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,200,000 |
| No. of Units: | 19 |
| Year Built: | 1960 |
| Lot Size: | 0.44 Acres |
| Opportunity Zone: | No |
| Price per unit: | $326,316 |
| Property Website | Click Here |
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