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… Read More 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. Read Less
Courtesy of Coldwell Banker Realty, Endri Hoxha 415-941-9875
Listing Snapshot
Days Online
40
Last Updated
Property Type
Five Or More Units
Square Ft.
4,307
Lot Size
0.15 Acres
Year Built
1961
MLS Number
ML82059224
30 Days Snapshot Of 95128
$1.59M
+19%
(avg) sold price
13
-31%
homes sold
40
+42%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6534.00, Max Area Units: Square Feet, Lot is 0.15 acres
Accessibility Features
Other
Unit One
Rent: $3,003, 2 bedrooms
Unit Two
Rent: $1,974, bedroom 1
Unit Three
Rent: $2,000
Building
4,307 structure square feet, Age: 65, Built in 1961, 1 building, 6 minimum units in complex
Cooling
Other
Foundation
Other
Garage
Carport
Water Features
Other
Heating
Wall Furnace
Laundry
Coin Operated
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 52284
Property
Zoning: RM
Roof
Other
Security Features
None
Taxes
Annual tax amount: $26,693
Sewer
Other
Utilities
Master Electric, Master Gas, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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