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$ 2,099,000
Est. payment | /mo
10,001 Sqft Lot
$ 2,099,000
Est. payment | /mo
10,001 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061883
HOA Y/N No
Year Built 1957
Annual Tax Amount $13,157
Lot Size 10,001 Sqft
Property Description
Exceptional San Jose investment opportunity featuring 7 residential units across 2 buildings on one APN. The property includes a 2 bedroom, 1 bath single family residence with approximately 1,200 sq ft of living space and a full cement construction basement, plus a separate 6 unit building with six 1 bedroom, 1 bath units. Generating approximately $13,935 in monthly rental income, the property offers $132,901 in annual NOI and a 6.04% in place cap rate, with pro forma potential of $147,221 NOI and a 6.71% cap rate. Recent capital improvements include new windows and electrical panels. A compelling opportunity for investors seeking established rental income and potential to enhance returns in the San Jose market.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 2
Roof Type Shingle
Total Parking Spaces 3
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 26108052
Special Listing Condition Standard
Virtual Tour https://app.intellcre.com/share/35b5983084b6cf0f3f1e38a1b63625459f42973812153e7bdf69a5624bfe667cdf75865bd2380c83
Listed by Patrick Carvalho Fathom Realty Group #02136374
NEARBY SCHOOL & BUSINESS