Skip to main content

Multifamily

166 Michael Dr

166 Michael Dr, Campbell, CA 95008

Listing Price: $2,595,000

Cap Rate
3.55%
Number of Units
4
Price/Unit
$648,750
Price/Gross SF
$602.79
Gross SF
4,305

Investment Overview

166 Michael Dr. is a newly renovated fourplex located in the heart of Campbell. The unit mix consists of (1) three-bedroom / two-bathroom townhouse, (1) two-bedroom / two bathroom unit, and (2) two-bedroom / one-bathroom. Each unit has been renovated and is equipped with in-unit laundry. Its location makes it desirable for renters due to being in a quiet neighborhood that is also near the major streets along with the centers of commerce, culture, and major employers. Once the center of the area's agriculture industry, Campbell is now a community dominated by tech and retail. It's home ChargePoint and Barracuda Networks while in the center of it all is Downtown Campbell and the Pruneyard Shopping Center. The average household income within 1 mile of the property exceeds $170,000 annually. However, the average median home price is almost $1.5M, placing homeownership out of reach of most Campbell residents creating a strong pool of apartment renters.

Investment Highlights

  • Property has undergone extensive interior and exterior renovations.
  • Extra-large units averaging over 1,000 SF each.
  • Excellent opportunity for investors or owner/user with 3/2 townhouse.

Exclusively Listed By

Listing Price: $2,595,000

Cap Rate
3.55%
Number of Units
4
Price/Unit
$648,750
Price/Gross SF
$602.79
Gross SF
4,305

Investment Highlights

  • Property has undergone extensive interior and exterior renovations.
  • Extra-large units averaging over 1,000 SF each.
  • Excellent opportunity for investors or owner/user with 3/2 townhouse.

Investment Overview

166 Michael Dr. is a newly renovated fourplex located in the heart of Campbell. The unit mix consists of (1) three-bedroom / two-bathroom townhouse, (1) two-bedroom / two bathroom unit, and (2) two-bedroom / one-bathroom. Each unit has been renovated and is equipped with in-unit laundry. Its location makes it desirable for renters due to being in a quiet neighborhood that is also near the major streets along with the centers of commerce, culture, and major employers. Once the center of the area's agriculture industry, Campbell is now a community dominated by tech and retail. It's home ChargePoint and Barracuda Networks while in the center of it all is Downtown Campbell and the Pruneyard Shopping Center. The average household income within 1 mile of the property exceeds $170,000 annually. However, the average median home price is almost $1.5M, placing homeownership out of reach of most Campbell residents creating a strong pool of apartment renters.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower