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Description
This is an opportunity to buy the property and entitle it for Residential housing development. City of Campbell, located in Silicon Valley, California, needs thousands of multi-family housing per state and federal, RHNA requirements. With minimum density, about 21 units per Acre are allowed. Which means at a minimum 39 units will be allowed on 1.87 acres. For example, one of the products would be 39 three level townhouses on this property with: A. 11 units of 1,550 square feet B. 11 units of 1,775 square feet C. 11 units of 1,950 square feet Total 33 housing units B. M. R. Units would be: A. 2 unit of 1,550 square feet B. 2 unit of 1,775 square feet C. 2 units of 1,950 square feet Total 39 housing units Rental income projection As-Is: While you entitle property for residential development, you can use the existing 40,000 building for your office. If not, you could rent it at $1.95/SF NNN Triple net x 40,000= $78,000/month Plus bonus income from two cellular sites $8000/month
Location
Listing Agent: Sam Jasu Courtesy of: E.R.E. Enterprise The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than MLSListings Inc are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2022 MLSListings Inc. All rights reserved. http://www.mlslistings.com/ Updated: 25th May, 2022 3:51 PM (UTC)
