Wednesday, October 24, 2007
We are tracking a fourplex in San Jose that is a good value. It is offered at $695,000 for two 2 bedroom units and two 1 bedroom units with $52,000 in annual rental income. Total loans on the property are over $800,000 so obviously this is a short sale. The neighborhood is a bit rough and will require an experienced owner or a good property management company. If interested, give me a call right away.