New Low Price and 5% Cap rate. Remember, NO rent control in Campbell. SJ has rent control cap of 5% rent increases. Enticing Investment Opportunity in Prime Campbell Location near Westgate Mall and Historic Downtown Campbell! 4 Excellent Apartments that have been updated and remodeled. This 4-plex sits on approx 8000 Sq Ft lot and is situated to maximize land use; garages in the back with long, spacious driveway & additional parking spaces. The occupied apartments are all at market level rents with a mix of 1-yr leases and month-to-month agreements. In the past, each unit has been quick to rent and residents tend to remain for a long time. All Four of the apartments have enclosed garages. Laundry is on site with washer and dryer in the community laundry room. There is an opportunity for new owner to replace machines with their own. Historically, monthly rent income is approx. $10,000 a month. Nearby Schools Include: Payne Elementary, Easterbrook Discovery, Moreland Middle, and Prospect High School. Some Charter Schools are nearby as well. This is the perfect location; walkable to Safeway, close to Westgate, Restaurants, Coffee Shops, Hwys 17 and 280.
Days on market: 33
Listing updated: April 26, 2025 - 06:25:04
Listed by: Ed Bangle DRE #01403795 (408) 218-5795, Ed Bangle, Broker - MLSListings
Source: MLSListings, MLS#: ML90345 Originating MLS: CRMLS
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