Looking for an Investment Property?

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apartment-in-sunnyvale.jpgThis one has location, location, and location written all over it!  Located on Mathilda Ave at El Camino Real in Sunnyvale, this 20 unit apartment complex is perfect for commuting to just about anywhere in the valley.  Each unit is a 2 bedroom unit – some have one bath, and others are 1 1/2 bath townhouse style units.  

Photos of it show that it is clean, and well kept.  The asking price is $3.9M with an assumable loan of $2.1M at 6.5% over 30 years, with interest only payments for 3 years. 

The current owner claims that an investor can earn 5% returns, which is rare in today’s market.  

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