Thursday, September 29, 2011

Distressed Duplex in San Jose

This short-sale duplex represents a real value for an investor looking to either get into, or expand their portfolio, in the duplex/ four-plex market. The 1,550 square foot San Jose building, which sits on a 5,600 square foot lot, was built in 1956. The current asking price of $425,000 represents a 33% reduction in price from its original 2005 listing price of $638,000. The two unit building has two - 2 bedroom, 1 bath units, both of which are currently occupied, and is in the Campbell Union School District. This won't be on the market long, contact MPIRES Group to schedule a tour or to obtain further information on this exciting opportunity.

Wednesday, September 28, 2011

Single Family House Bank REO in Berryessa Coming Soon!

Contractor special - home is large, newer but needs a few things: kitchen, baths, flooring, etc.  Should be on the market in the next couple weeks.  All cash buyers only - lenders will not lend on homes without stoves - let alone whole kitchens and baths.  Very good deal for someone looking to flip this house.  Email me for details on this bank owned San Jose Berryessa home for sale.

Tuesday, September 27, 2011

Needed: Officeless Sand Hill Venture Capitalist

There are few opportunities in commercial real estate on the Peninsula to take advantage of these days.  Yes, the national news in office, retail and hospitality is depressing.  But, we know different in the heart of Silicon Valley.  Office vacancies are bearable here, in fact, some major employers are taking massive space - Apple and Facebook to mention just two.
Retail is healthy on the Peninsula - low unemployment and healthy salaries support retail sales and we don't see too much retail turmoil.
Hotels are coming back.  This tends to be more a national issue compared to the more localized retail and office markets.
And the opportunity of the day is an office building adjacent to Sand Hill Road with rare financial distress that would be a great purchase for a venture capital group, law firm, medical group or...?  Stop paying $6 per foot for 1960's era office space and own much better space for less. Call us for details.

Monday, September 26, 2011

Short Sale Duplex in Downtown San Jose for Sale

There is a very well priced short sale duplex for sale in downtown San Jose. One 2 bedroom and 2 bath owner's unit, one 2 bedroom and 1 bath rental unit and a small storefront on the corner of N. 9th Street. Offered at a very attractive price of $171 per square foot!  Breaking $200 per foot in this area is already very good.
This will make for a strong rental investment property or great owner-user home.  Conventional Fannie Mae or Freddie Mac financing is also available.  Call us to set up a tour of this great short sale duplex in downtown San Jose.

Tuesday, September 13, 2011

Blossom Valley San Jose Short Sale Duplex for Sale!

Blossom Valley duplex short sale for sale - large units, great condition, excellent rental or owner-occupied location.  A $500,000 price point for this large of a duplex is an excellent deal. It is 2,599 square feet, 8,400 square foot lot and was built in 1979. Duplexes have great low density which means longer term tenancies on average and a better ownership experience.  Call us to see this property right away before it goes away.