Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley,… Read More the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request. Read Less
Courtesy of Marcus & Millichap, Mitchell Zurich 408-888-9594
Listing Snapshot
Days Online
8
Last Updated
Property Type
Five Or More Units
Square Ft.
6,704
Lot Size
0.19 Acres
Year Built
1924
MLS Number
ML82014596
30 Days Snapshot Of 95112
$1.24M
+3%
(avg) sold price
12
-33%
homes sold
30
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8400.00, Max Area Units: Square Feet, Lot is 0.19283746556474 acres
Accessibility Features
None
Unit One
2 bedrooms
Building
6,704 structure square feet, Age: 101, Built in 1924, 1 building, 8 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter and Slab
Garage
3 garage spaces, Covered Parking, Detached Garage
Water Features
Water On Site
Heating
Wall Furnace
Tenant Pays
Utilities - Electric
Miscellaneous
Total expenses: 57913
Property
Zoning: C
Roof
Flat / Low Pitch
Security Features
None
Taxes
Annual tax amount: $28,068
Sewer
Sewer Connected
Utilities
Master Water, Individual Electric Meters
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