Sunday, March 8, 2009

Very Nice Bank Owned Fourplex in Cambrian Area

Well priced fourplex just reduced to a very attractive price near Almaden and Blossom Hill. This now bank owned deal sold for $880,000 in 2005! Now offered at 665,280! Two units are vacant - which in this market is not a difficult issue. Rents are up and vacancies are down. The banks tend to vacate buildings that they foreclose on. Fully occupied gross rents should be in the $52,000 range for all 2 bedroom 1 bath units with garages. This was listed at $734,900 and now with the price reduction, it will move. Call me for more info.

No comments: