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.
Listing courtesy of Justin Bautista from Newmark Cornish & Carey
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