Significant price reduction! Value Add Opportunity! Major upside in rents with unit renovations. Located on a street in an area of Mountain View which is undergoing dramatic gentrification. A number of the multifamily properties on this street have recently been renovated and either sold or currently being offered for sale at markedly higher prices, in some cases nearly $1,000,000 or more in value. While some capital improvements have been made such as double-pane windows, a water heater, a new main line clean-out, and exterior painting, there is significant work that needs to be completed to turn this diamond-in-the-rough into a true gem. Large 10,225 SF Lot. A pest inspection, property inspection report and foundation report are available. Offered As-Is. One unit vacant. Close proximity to major high-tech employers and walking distance to Downtown Mountain View and CalTrain. Offering memorandum available.
Courtesy of SiliconValley MultiFamilyGroup, Michael Shields.
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