MLS® ID: ML81768459
675 Grand Fir Avenue
Sunnyvale, California, 94086 $2,640,000
PLEASE DO NOT DISTURB TENANTS. First Time on Market in 11+ Years. Property Situated on Cul-de-Sac, Desirable Rental Area in Sunnyvale. Very Low Tenant Turnover Property and Low Management Responsibilities. 4 of 6 Units Leased on Month-to-Month Basis. 2 of 6 Units Leased as Furnished Rentals. Successful, Proven Furnished Rental Business (Managed by Manager) Transferable to New Owner. Substantial Capital Improvements: Staircase, New Dual Pane Windows, Sewer Back-up Pump, Exterior Paint & More. Easy Access to Highway 101, 85, 237, 280. Easy Access to El Camino Real. Excellent Unit Mix (Spacious Units) Two (2) 1 BR/1 BA Units, Four (4) 2 BR/1 BA Unit. Furnished Rents: 2 BR/1 BA - $2,700 to $3,300/Month (NET of 20% Management Fee). Unfurnished Rents: 2 BR/1 BA - $2,350 to $2,725/Month; 1 BR /1 BA - $2,050 to $2,195/Month. Current CAP Rate: 4.68%/Current GRM: 14. Pro-Forma CAP Rate: 5.13% / Pro-Forma GRM: 13.2. Building SF: 4,384 SF/Lot Size: 9,047 SF/Cost Per SF: $602/SF.