Description
Rarely Available, Oversized Parcel (0.6 Acres) w/ Oppty to Develop 30 Spacious Condos. Desirable, Central Location in the Sunnyvale/Cupertino Border. Excellent Cupertino Schools. Plan to Construct 30 Condos Submitted and Under Review by City of Sunnyvale. Tasteful Design and Excellent Unit Mix - Mostly 2 BR/2 BA Units. Proposed Unit Mix: (22) 2 BR/2 BA, (2) 3 BR/2 BA, and (6) 1 BR/1 BA Spacious Condo Units. EXISTING Unit Mix: (5) 2 BR/1 BA (840 SF), and (5) 1 BR/1 BA Units (600 SF). Current Cashflow: $25,350/Month - 2.6% Cap and 22 GRM. Pricing Includes Entitlement Design and Application for 30-Units. Property Offers Investors/Developers with Flexible Options to: 1. Hold and Lease all Units, OR 2. Hold and Lease a Portion of Unit OR 3. Sell All Condo Units. Property Offers Easy Access to Multiple Expwys and Freeways: 82 (El Camino Real), Hwy 280/85/101, Lawrence Exwy. Walk to Fremont High School. Modern Design - Highly Desirable for Sale or for Rent Condo Product Upon Completion.
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Listing Agent: Don Sung
Listing Office: Colliers Parrish International
Attribution contact: 650-380-5188
