544-550 S 6th Street, SAN JOSE, CA 95112 (MLS # ML81962458)
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First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten units, including new stainless steel appliances, LVT flooring, quartz countertops, LED lighting, and washer & dryers in Nine (9) units. The exterior has also gone through major upgrades including new stucco, wood siding, stacked stone, and all new dual pane windows throughout. There is an attractive $2,070,000 fixed assumable loan at 3.80% interest through June 2030, that re-adjusts to 5.00% interest through June 2040. The note calls for interest only payments through June 2040, allowing for maximum cash flow during the Sixteen (16) years remaining on the existing note. The loan must be assumed and subject to lender approval.
| LAST UPDATED | 4/22/2024 | YEAR BUILT | 1969 |
|---|---|---|---|
| COUNTY | Santa Clara | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Washer |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 2.50 |
| HEAT | Natural Gas |
| LOT | 0.2725 acre(s) |
| LOT DIMENSIONS | 11868.00 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| ZONING | RM |
TOTAL MONTHLY PAYMENT
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Based on information from MLSListings MLS as of 5/3/24 5:16 PM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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