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$ 2,200,000
Est. payment | /mo
4,307 SqFt
$ 2,200,000
Est. payment | /mo
4,307 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,307 sqft
Price per Sqft $510
MLS Listing ID ML82059224
HOA Y/N No
Year Built 1961
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
Excellent opportunity to acquire a well positioned six unit multifamily property in a desirable San Jose location. The property offers an attractive unit mix of three 2 bedroom units, two 1 bedroom units, and 1 studio. The property generates $172,284 in gross rental income and offers over a 5% cap rate based on listed income and expenses. Recent capital improvements include a new roof, new main electrical panel, upgraded electrical subpanels, and a new water heater reducing near term capital expenditures for the next owner. Additional features include covered parking spaces, individually metered gas and electricity, and on site coin laundry. A compelling opportunity for investors seeking established income, a strong unit mix, significant recent improvements, and long term appreciation potential in the heart of Silicon Valley. Offering memorandum and financial information available upon request. Please do not disturb tenants.
Location
State CA
County Santa Clara
Zoning RM
Interior
Heating Wall Furnace
Cooling Other
Fireplace No
Laundry Coin Operated
Exterior
Handicap Access Other
Building
New Construction No
Others
Tax ID 28237040
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Listed by Endri Hoxha • Coldwell Banker Realty
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