Sold
186 Selwyn Drive
Milpitas CA, 95035
$5,306,000
$322.51 per sqft
Sold
16,452 sqft
Commercial
Built in 1963
Rare opportunity to own 16-units in Milpitas. Incredible unit mix: (4) 1+1, (8) 2+1, (4) 3+2. Spacious units - average over 1,028 square feet each. (4) 4-plexes on 1 large lot. Attractive price/sqft. at $328. Below market rents - Tremendous upside potential. Market GRM: 11.49 and Market Cap Rate: 6.26%. Over 7% Market Cash on Cash return. Convenient rental location: close to freeways, shopping, schools and park. Moments to new BART station and The Great Mall. New dual paned windows. Ample parking - (16) Carports and (12) open stall. Well-maintained buildings. Outstanding long term potential.
ML81672431
MLSⓇ ID
March 15, 2024
Updated
Map
186 Selwyn Drive
Milpitas CA, 95035
Interior Features
Appliances
Refrigerator
Laundry Description
Coin Operated
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas, Wall Furnace
Exterior/Building Features
Lot Size
0.58 Acres
Roof
Composition Shingles
Sewer
Public Sewer
Other Property Details
Area Name
Milpitas
Garage
No
Parking
Covered
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
R3S
Listed by Justin Bautista with Newmark Cornish & Carey
Listing Contact: 650-996-9384
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