Wonderful value-add Sunnyvale fourplex with top ranked Cupertino schools. The property has one large 3-bedroom/2-bath townhouse style owner's unit with vaulted ceiling, fireplace, and large private yard, two 2-bedroom/1.5-bath townhouse units with large private backyards, and one studio unit. Owned by the same family for over fifty years and rents are significantly below market providing the new owner with massive income and value upside (proforma CAP Rate: 5.53%). Less than one mile from Apple's headquarters in Cupertino. Additionally, it feeds into Louis E. Stocklmeir Elementary (2012 API: 974), Cupertino Middle (2012 API: 934), and Fremont High (2012 API: 767). The superb unit mix, significant income upside, excellent schools, and proximity to large Silicon Valley employers make 1367 South Wolfe Road a great opportunity for both the cash flow and appreciation minded investor. Offering memorandum available.
Courtesy of Marcus & Millichap, Ismael Benhamida.
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