Historical Multifamily Sale Listing - SELLER FINANCE Sunnyvale 4-Plex (2BED/1.5BA UNITS)

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SELLER FINANCE Sunnyvale 4-Plex (2BED/1.5BA UNITS)

466 Hawthorn Ave, Sunnyvale, CA 94086

N/A

4 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
4
Building Size:
3,000 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
4%
Lot Size:
6,882 SF
Listing ID
17915186
Last Updated
over 1 year ago

Description

SELLER FINANCING AVAILABLE! Please Drive by ONLY. Do not disturb Tenants. Please submit offer SUBJECT TO inspection. Currently 100% Occupied. Great investment opportunity for investors and/or homeowners: a 4-plex in Sunnyvale, CA. Live in 1 and rent the other 3 to offset mortgage. Currently 100% rented. Market rents may be higher? Conventional/Cash sale Price to be at: $945,000. Or SELLER FINANCING OPTION Price: $995,000. Terms: 20%-25% down at 7.75% I/O due in 5 years. (with 25% Down, Monthly Pmnts are about $4,819.53). Lock in your price NOW, before the market goes UP! Seller is willing to be creative with financing so submit your offer! All Units are 2bed/1.5 bath at 750SF each. Rent is under market at $1230/unit (NOTE: This is below-market rent)
HERE IS AN AVERAGE MONTHLY STATEMENT:
Income:
- Rental: $1230 x 4 =$4920 (Note: This is under-market rental)
- Laundry: $100
Expense:
- Gas and electric (PG&E): $85
- Utilities (water/gabage/all other expenses): $850 / 2 =$425 (City of Sunnyvale bill this service for every 2 months)
- Maintenance cost is very low (none).
NET: $4920 + $100 - $85 - $425 =$4510/Month.

WOW! What an opportunity! You can own this 4plex and live here for less than rent! The market is going up! Great Fourplex conveniently located in Sunnyvale with all local transportation, shopping and schools close by.

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Created 11/14/2012