This is Investor or Contractor paradise. Over 10500 sq ft lot in prime Campbell area. You can sub device into 2 lots and build 2 homes or build one massive home. Don't let it go, it won't last long.
$1,999,888
3 beds1 bath1,069 sq ft
474 Budd Ave, Campbell, CA 95008
0.24 acre lot • 2 garage spots • Somewhat walkable
MOTIVATED SELLER! GREAT INVESTMENT OPPORTUNITY! THE BUILDING CONSISTS OF TWO LARGE HALLS, WHICH HAS BEEN USED FOR RELIGIOUS PURPOSES. BUYER TO EXPLORE POTENTIAL USES WITH THE CITY. FEATURES KITCHEN, TWO BATHROOMS, AND GARAGE, PLUS A SMALL NON-CONFORMING FIXER COTTAGE. CORNER LOT, THIS PROPERTY IS ADJACENT TO RESERVOIR ON SAN TOMAS EXPRESSWAY. GOOD SCHOOLS! CHECK WITH CITY AND EXPLORE RE-ZONING FOR OFFICE BUILDING OR OTHER DEVELOPMENT. LOVELY VIEW OVERLOOKING RESERVOIR. BUYER TO VERIFY ALL INFO INCLUDING SIZE & BUILDING/ZONING POTENTIAL. BUYER TO COOPERATE WITH POSSIBLE 1031 EXCHANGE. EXPLORE THE POSSIBILITIES!
Prime 4-unit investment property in a nice Campbell area with an easy commute, proximity to freeway / expressway / shops/schools / parks. Property has four 2 bedroom/1 bathroom units. All units have been maintained and improved by seller over the past 8+ years. Gross TY2023 rental income was $107,164 ($8,930 each mo. ) and the operating 2023 expenses were $36,676. At the list price, this yields a GRM of 20 with an estimated Cap Rate of 3.36%. Please drive by but do not disturb tenants. Buyer offer will be contingent on acceptance after property inspection.