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$1,645,000 Amazing Corner Triplex On Huge Lot with Adu Potential (santa clara)

1704 Monroe, Santa Clara, CA 95050

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1704 Monroe Street is a wonderful triplex located in Santa Clara. Situated on a generous 6,000 SqFt lot, this property features one three-bedroom/one-bathroom unit, one two-bedroom/one-bath unit, and one one-bedroom/one-bath unit. The property has been well maintained and cared for by the current ownership for nearly twenty years.

New ownership will have the opportunity to upgrade the kitchens, bathrooms, and flooring, and add in-unit laundry and
recessed lighting to meet the preferences of high-paying technology and professional employees, substantially increasing the net operating income and asset value. Additionally, the building has the potential for ADU conversion by converting the large parking area into residential units.

1704 Monroe Street is located in Santa Clara, CA, a city known for its thriving economy. As part of Silicon Valley, Santa Clara benefits from its proximity to major technology companies like Intel and Nvidia, as well as being home to the headquarters of companies such as Intel, Applied Materials, and many startups. This economic prosperity has led to a strong housing market and consistent demand for rental properties, making it an attractive investment opportunity.

Property Highlights:

-Located in Close Proximity To Santa Clara University
-(1) Two-Bed/One-Bath, (1) One-Bed/One-Bath Units and (1) Three-Bed/One-Bath
-31% Rent Upside Upon Unit Turnover
-Value Add And Repositioning Opportunity
-Large Lot with an Abundance of Parking
-Community Laundry Room
-Separate Water Heaters

Email show contact info for more details and an offering memorandum.
Hanna John Azar
#02005698

post id: 7746728457

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