296 Higdon Avenue

296 Higdon Avenue

Sold

Mountain View, CA 94041

$1,700,000 Marketing Sheet

The subject property is located on a quiet culdesac in highly desirable Mountain View, California. The grounds consist of 9,130 square feet with 3,227 square feet of living space nestled amongst mature landscaping. The investment offers one four-unit building, an on-site laundry room, and one two-bedroom/one-bath house in front. Roughly $150,000 of upgrades were put into this property giving the lucky new owner a true turnkey investment.

 

Built in 1961 the property is located in close proximity to Google Campus, and all other major employment hubs via Highway 101 and 280. Additionally, Mountain View's low housing affordability coupled with increasing jobs should yield continuing rent growth and decreasing vacancy through 2014.

Cap Rate: 3.35% NOI: $57,032 Livable Sq. Ft: 3,227

Built in 1961 5 units Lot Sq. Ft: 9,130

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