879 FRANQUETTE AVE

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879 FRANQUETTE AVE

SAN JOSE, CA 95125-2618
Asking Price
$6.39M
Asset Type
Residential Retail
Class
Class B

What's Special

Rare... truly shovel-ready infill development opportunity in the heart of coveted Willow Glen! <p><span style="color: rgba(0, 0, 0, 1)">This fully-entitled 5 lot residential subdivision comes with a complete, City-approved permit package eliminating the two most costly hurdles in any infill project: entitlement risk and infrastructure planning. Builder can move directly from acquisition to construction with minimal delay. Franquette Avenue is a quiet residential street with convenient walking distance to downtown Willow Glen and the South Bay's most sought-after suburban amenities. Willow

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NOI
$80,000
Cap Rate
1.25%
DSCR
0.21
Underwater
Cash-on-Cash
-15.62%
Monthly Payment
$31,614.233
Annual Cash Flow
$-299,370.802

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