PLEASE DO NOT DISTURB. First Time on Market in 14+ Years. A+ Location in the Heart of Mountain View. Close Proximity to Downtown Mountain View, California Ave. Single Family Home PLUS 5-Units on Same Lot. Low Management Responsibilities. 3 of 5 Units Leased Month-to-Month Basis. 2 of 5 Units Managed by Manager Hired by Owner. Successful, Low-Maintenance Furnished Rental Business Transferable to New Owner. Capital Improvements: Dual Pane Windows, Water Heater, Coin-Operated Washer & Dryer, and More. Property Situated on a Quiet Street Mixed With Single Family Homes in Desirable Residential Area in Mountain View. Excellent Unit Mix Two (2) 2 BR/1 BA, Three (3) 1 BR/1 BA. Current Rents (Long-Term Leased Rental): 1 BR/1 BA - $2,200; 2 BR/1 BA - $2,644. Furnished Rental (Net of 20% Fee): 1 BR/1 BA - $3,100/Month; 2 BR/1 BA - $3,600/Month. Current CAP Rate: 5.09%/Current GRM: 13.7. Pro-Forma CAP Rate: 5.56%/Pro-Forma GRM: 12.9. Building SF: 4,746 SF/Lot Size: 12,300 SF/Cost Per SF: $700/SF
Listing courtesy of Don Sung from Colliers Parrish International
Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2019 MLSListings Inc. All rights reserved