(408) 888-7262
Real Estate Company
This well-located and high-performing four-unit offers tremendous income, low expenses, and the ability to owner-occupy a vacant remodeled cottage with available garage parking. The Victorian front building and separate rear cottage have been extensively rebuilt, including foundation and roof replacements, new water supply lines, electrical wiring, radiant heating, laundries, and luxury baths and kitchens. Expansive floorplates in the front building have been thoughtfully reconfigured for modern living. A new ADU integrates seamlessly with the original architecture, and the standalone rear cottage offers house-like privacy and calm. This low-maintenance, low-expense property delivers a 6%+ CAP rate, at 12.45 GRM and $676/sqft. UPDATE: Cottage and garage parking delivered vacant at close.
Listing courtesy of Evan D Matteo, from Big Tree Properties, Inc.
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