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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