Tuesday, December 30, 2008

New Milpitas Listing

Great low pricing for 5 bedroom/2.5 bath bank-owned property!This home is 5227 sq. ft. lot, 1bedroom/1bath on 1st level, hardwood & tile floors, high ceilings in family room, very spacious backyard, open floor plan. Great neighborhood, adjacent to Milpitas Montessori school yard. Close to shopping and Hwy. 680. List price $599,845

Bank Owned 4-plex Listings In Silicon Valley

Here is a short list of some interesting bank owned REO fourplexes in the South Bay. The 5+ unit apartment market is very healthy because financing was based on the building's net operating income. The fourplex market has had the same hits that the single family sub-prime market had. So, this is where the deals are:

$869,875 1850 SOUTHWEST EXPRESSWAY, San Jose, CA 95126, 4,339 square feet
$799,900 3829 UNDERWOOD DR, San Jose, CA 95117, 3,986 square feet
$708,100 1407 CALLE ORIENTE, Milpitas, CA 95035, 2,944 square feet
$650,000 188 GRAMERCY PLACE, San Jose, CA 95116, 3,206 square feet
$529,900 1352 CARNELIAN DRIVE, San Jose, CA 95122, 3,214 square feet

Let's take advantage of the great rental market and the softness in the 4plex market.

We are tracking over 40 fourplexes in the valley alone!