2856 Joseph Ave - Apartments FOR SALE


Campbell, CA 95008
$2,350,000 USD
408-355-1519
2856 Joseph Ave, Campbell, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/5
null | 4.58% Cap Rate

2856 Joseph Ave
Campbell, CA 95008


HIGHLIGHTS

  • Location near Bascom Ave retail and the Pruneyard shopping with access to Hwy 880 north and Hwy 17 south.
  • Rent Income consistant
  • Property provides long term tenancy tenants.

OVERVIEW

First time on market in many years. Property provides long term tenancy tenants. Income flow is steady. Low vacancy to the complex. Rents quickly if a vacancy happens. Rents go up 5% per year on average. Current cap rate is 4.8% and the gross multiplier is 13.8. Well priced for the next Owner. Do Not disturb the occupant tenants. Make offer subject to buyer visual inspection. Drive by only. Seller will cooperate in 1031 or Starker tax exchange by the Buyer at Buyer expense. Price correctly. No disclosures until a deal is made. SB 321 may need attention however at this price you have a nice deal.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

8

PRICE/UNIT

$293,750

CAP RATE

4.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joseph Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,916 SF

ZONING

RM

APN/PARCEL ID

414-05-007

ASK ABOUT THIS PROPERTY

Ted LaScolaColdwell BankerMore Info
408-355-1519

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Ted LaScolaColdwell BankerMore Info
408-355-1519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.