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Photo
Property TypeMultifamily (5+)
LocationSan Jose, California
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Title3 Story 20 Unit Apartment Complex in Desirable Downtown San Jose with Good Income and Upside
Summary

OFF MARKET AND REDUCE OVER $250,000 -
3 Story 20 Unit Apartment Complex in Bay Area in Downtown San Jose
15306 SF Structure on a (.30 Acre) Lot - Built 1963
33 Bedrooms and 20 Bathrooms with a Unit Mix of (13) 2+1 and (7) 1+1
13 Minutes to Airport with great 82 Walk Score

Details

Property is located in a great desirable rental location in the Downtown San Jose neighborhood & conveniently located along Interstate 280. Located near the new Google Campus and only 2 blocks to San Jose University. Features recent and capitol improvements and has ample parking for tenants and a laundry facility.

Income and Sales Details

100% Occupied
Strong historical occupancy
All units have been recently renovated
Monthly Income of $40,423
Current Gross Yearly Income $485,076
Yearly Proforma Income of $561,600
Asking Price was $6,250,000
NEW ASKING PRICE $5,995,000

Asking Price$5,995,000.00
Date UpdatedNovember 30, 2024