Christian Losness - Commercial Real Estate Showcase

Christian Losness Property Listings
The Losness Group
3131 S Bascom Ave
Suite 230
Campbell, CA 95008-6768

2001 Colony Street - Colony Park Apartments

Mountain View, CA 94043-2471 - Outer Mountain View/Los Altos MF Submarket

Property Type:Multi-Family Number of Units:9 Status:Existing Year Built:1961
Stories:1 Building Size:10,610 SF Land Area:.42 AC (18,295 SF)
For Sale Price:$6,999,000 Price/Unit:$777,666.67 Cap Rate:3.31 % GRM:19.31


Sale Notes:
17 unit property in the heart of Mountain View. City of Mt. View likely to allow up to 14 Row-Houses to be build on the site. Located just 1.5 miles from Google headquarters, this property features: (9) 1/1 and (8) 2 /1 units. The apartments are divided into two separate lots, making a dedicated manager optional. The property is pride of ownership and in strong operating condition. Longtime owners have always taken great care of the asset and tenants. Rents are currently averaging 20% below market for the 1/1 units, and 27% below market for the 2/1 units. All units are currently occupied, most month-to-month. Private Yards, Roof, asphalt, 8 years old, Plumping converted to copper, Windows all double paned, Fire Sprinklers in each apartment, Sound deadening walls, Low flow toilets and showers

The Losness Group
Christian Losness
(408) 288-3500 x1

Larry Losness
(408) 288-3500

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">2001 Colony Street - Colony Park Apartments, Mountain View, CA - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234