We like these:
Santa Clara - 4plex - short sale - 3,177 square feet, built in 1962, pre-approved short sale at $665k, 12.3 GRM
Campbell - 4plex - short sale - 3,328 square feet, built in 1962, short sale with offers submitted but not ratified yet - deliverable at approximately $650k, 11.5 GRM
Santa Clara - 4plex - short sale - 3,177 square feet, built in 1962, pre-approved short sale at $630k, 12.7 GRM
Santa Clara - 4plex - Bank REO - 3,120 square feet, built in 1962, vacant property, needs contractor skills to rehab this property.
There are some very good opportunities to invest in foreclosed and short sale 4plexes in the valley right now. All 4 of these properties sold at or above $900,000 a few years ago. Most will cash flow with 25% down payment. IRRs in the 10%+ range before tax. Some with cap rates approaching 6%. Let us run the numbers for you and show you how these properties can increase your net worth.
