1371 S Wolfe Rd, Sunnyvale, CA 94087

$2,100,000
3,595
SqFt
List Price
$2,100,000
MLS#
ML81814828
Zoning
R3
Sqft. of Residence
3,595
Lot Size
7,140
Listing Area
Sunnyvale

Property Description

Offers Due by 5:00PM on Thursday, October 22nd. Wonderful value-add Sunnyvale fourplex w/ top ranked Cupertino schools. The property has a superb unit mix that includes one large 3-bedroom/2-bath townhouse style owner's unit w/ vaulted ceiling, fireplace, & large private yard, two 2-bedroom/1.5-bath townhouse units w/ large private backyards, & one studio unit. The current owner & their family have owned the property for over fifty years & rents are significantly below market providing the new owner w/ significant income and value upside (proforma CAP Rate: 5.49%). Located less than 1 mile from Apple headquarters in Cupertino. Additionally, it feeds into Louis E. Stocklmeir Elementary (2012 API: 974), Cupertino Middle (2012 API: 934), & Fremont High (2012 API: 767). The superb unit mix, significant income upside, excellent schools, & proximity to Silicon Valley employers make it a great opportunity for both the cash flow & appreciation minded investor. Offering memorandum available.

Additional Information

Foundation
Concrete Perimeter
Roof
Shingle
Water
Public
Sewer
Sewer - Public

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Ismael Benhamida.

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