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The average rent is $812.50 per unit. Rents are below market. Try and find comparable units under $1000! The units at $750, $755, and $850 have been rented to same tenant for significant period of time. The newest tenant at $895 has been there for about nine months. All tenants are on a 'month to month' rental basis. Situated on a quiet cul-de-sac street across The Alameda from the University of Santa Clara. And...Just across the street from the brand new Newhall Park with pic-nic areas, lawns and playground. All one bedroom, on bath units. Laundry room to the rear of building has all hook-ups. Live in one and rent the rest. Units are well maintained by owner who owns other rental units in the area and also owns a plumbing business. The two story building is low maintenance and low expense and in the heart of Silicon Valley. Close to all major routes to Hi-tek firms of Silicon Valley and a mere 800 yards from the south gate of SCU Campus. Owner has not sought tenants from the university student market but that is certainly a potential due to its proximity. Owner is looking forward to retirement and travel and wishes to divest himself from all active investments. Fully rented! Make offer subject to any and all inspecitons.
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