767 S 2nd Street is a well-maintained 5-unit multifamily asset consisting of all 1-bedroom/1-bathroom units on an oversized 0.15-acre lot. Built in 1940 and currently 100% occupied, the property offers strong in-place income with a gross potential rent of $153,000 and an attractive current cap rate of 5.77%. The asset… Read More recently underwent a fire and has been completely rebuilt with permits. Recent capital improvements include brand new electrical systems, dual pane windows, and high end interior & exterior finishes. Other notable highlights include five assigned parking spaces and individually metered electricity and gas. Situated in the highly desirable Spartan-Keyes neighborhood near San Jose State University and major Silicon Valley employment hubs, the property enjoys convenient access to transit, retail, and dining, driving consistent tenant demand. This is a turnkey investment opportunity in one of Northern California's most resilient and high-growth rental markets. Read Less
Courtesy of Marcus & Millichap, Eymon Binesh 650-546-1030
Listing Snapshot
Days Online
18
Last Updated
Property Type
Five Or More Units
Square Ft.
2,726
Lot Size
0.15 Acres
Year Built
1940
MLS Number
ML82046850
30 Days Snapshot Of 95112
$1.06M
-1%
(avg) sold price
22
+120%
homes sold
32
+88%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6625.00, Max Area Units: Square Feet, Lot is 0.15208907254362 acres
Accessibility Features
Parking
Unit One
Rent: $2,350, 1 bedroom
Building
2,726 structure square feet, Age: 86, Built in 1940, 1 building, 5 minimum units in complex
Cooling
None
Foundation
Concrete Perimeter
Garage
Carport
Water Features
Public
Heating
Gas
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 49633
Property
Zoning: C2
Roof
Rolled Composition
Security Features
None
Taxes
Annual tax amount: $23,608
Sewer
Sewer - Public
Utilities
Master Water, Public Utilities
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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