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Silicon Valley Multifamily Group
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12 Unit Value-Add Multifamily Opportunity

Address:

2149 Monroe St, Santa Clara, CA 95050

Availability:

Sold

Property Type:

Multifamily

# Units:

12

Description:

12 Units: (8) 1BD/1BA units; (4) 2BD/1BA units 9 units upgraded with newer kitchens, baths, flooring, and paint Upside rent potential! Current rents: $1,650–$2,200/month ($253,620 annually) Market Rents: $2,100–$2,300 (1BD), $2,400–$2,700 (2BD) No municipal rent control (CA state rent control only) Prime Silicon Valley location near Apple, Facebook, LinkedIn, Google, Intel, NVIDIA Current: 4.96% cap rate, 12.3 GRM | Pro forma: 6.69% cap rate, 9.94 GRM Priced at $262,500/unit vs. $348,253/unit market average List Price: $3,150,000

Additional Info

SILICON VALLEY MULTIFAMILY GROUP
235 Oak Meadow Dr, Los Gatos, CA 95032
(408) 356-1900

CONTACT

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