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$9,350,000
Est. payment /mo
14,677 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,677 sqft
Price per Sqft $637
MLS Listing ID ML82066884
HOA Y/N No
Year Built 1961
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Other
Property Description
Offering of 7 tenant-in-common (TIC) positions totaling a 33.75% undivided interest in Lawrence Arms Apartments, a 22-unit community in Santa Clara. Positions range from 3.43% to 5.14% and may be purchased individually or in combination, priced pro rata to a $9,350,000 property valuation ($425,000/unit; $3,155,625 combined). Each sale is subject to the existing TIC agreement. Do NOT disturb tenants or on-site staff; tours by appointment only with listing agent. Units 04 and 10 are leased to a corporate housing company on a revenue share. Offering Memorandum, rent roll and financials available upon request
Location
State CA
County Santa Clara
Zoning R3
Interior
Heating Natural Gas
Flooring Laminate
Fireplace No
Building
New Construction No
Others
Tax ID 29040029
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Listed by Jake Anthony • MJA Equity Investments, Inc.
NEARBY SCHOOL & BUSINESS
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