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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,699 sqft
Price per Sqft $391
MLS Listing ID ML81667898
Sold Date 09/05/17
Bedrooms 8
Full Baths 1
Half Baths 1
Originating Board MLSListings
Year Built 1972
Lot Size 8,750 Sqft
Property Sub-Type Fourplex
Property Description
One of the largest fourplex properties in Milpitas measuring 3,699sqft. Units 1-3 are all 2 story (townhome style), 2bed/1bath upstairs with kitchen and livingroom downstairs . Unit 4 is a 2bed/1bath single story unit above the carport. All units measure approximately 920 sqft. All have a private back patio. There are a total of 8 assigned parking space (4 covered/4 uncovered) and plenty of on street parking. New roof within last 5 years. Gas and electric utilities are separately metered for each unit. Water is on a master meter. Leased laundry equipment offers additional monthly income. Rents are month to month and approximately 35-40% BELOW market. Milpitas has a limited supply of non-SFR rental properties resulting in very low vacancy. NO RENT CONTROL. 35-40% upside in rents. Please drive by but DO NOT DISTURB tenants. Write offers subject to inspections.
Location
State CA
County Santa Clara
Zoning R3S
Rooms
Kitchen Garbage Disposal, Oven Range, Refrigerator
Multi-Unit Info
Total Units 4
Buildings 1
Unit 1 Information Rents Price: $1,350; SqFt: 920; Bedroom: 2
Unit 2 Information Rents Price: $1,375; SqFt: 920; Bedroom: 2
Unit 3 Information Rents Price: $1,450; SqFt: 920; Bedroom: 2
Unit 4 Information Rents Price: $1,425; SqFt: 920; Bedroom: 2
Interior
Heating Gas, Wall Furnace
Cooling None
Laundry Coin Operated
Exterior
Parking Features Common Parking Area
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Individual Water Meter
Others
Special Listing Condition Not Applicable
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Bought with Lakshmi Sathya • MXR