Listing provided courtesy of Ryan Larocca, Real Estate Experts.
Source CRMLS.
Rare opportunity to renovate, pick your tenants and get the highest rents possible! Ideal location for investment, across the street from San Jose State University and downtown San Jose attractions. The building is currently 100% vacant. The current mix is consisting of (1) studio (2) 1 bed/1 bath and (1) 2bed/1 bath. The proximity to the school will make this building an ideal location for renters. Building pro-forma income $90k+-.
HOA
$—/month
On market
3 months
Year built
1912
Property type
Multi-Family
Parking
10
MLS
ML81824420
Price / Sq.Ft.
$557 / ft2
Status
Active
Price analysis
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Based on a price of $1,448,000
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Property Details
Interior Features & Layout
Heating & Cooling
•
Has Heating
•
Heating Details: Central
Rooms Info
•
Average3 Bed Area: 600
•
Average2 Bed Area: 550
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Average1 Bed Area: 550
Interior Size
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Building Area Total: 2600.00
Property, Lot, Community & Exterior Features
Parking Info
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Parking Available: 1
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Parking Features: On Site, Detached Carport
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Garage Spaces: 4.00
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Carport Spaces: 6.00
Lot Info
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Zoning: RM
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Lot Features: Back Yard
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Lot Size Source: Assessor
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Lot Size Acres: 0.1565
•
Lot Size Area: 6816.0000
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Lot Size Units: Square Feet
Community Info
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Number Of Buildings: 1
•
Total Units: 4
Property Features
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Accessibility: Entry Slope Less Than 1 Foot, Doors - Swing In, Low Pile Carpeting, Other, No Interior Steps, 2+ Access Exits
Building Info
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Roof: Composition
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Foundation Details: Concrete Perimeter
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Stories Total: 2
Listing Details, Costs & Financing Information
Financial Info
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Maintenance Expense: 1200.00
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Cap Rate: 5.35
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Trash Expense: 1500.00
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Insurance Expense: 1300.00
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Professional Management Expense: 0.00
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Gross Scheduled Income: 92000.00
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Gross Multiplier: 14.60
Tax/Assessment Info
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Tax Year: 2020
•
Taxes: 11275.0
Listing Info
•
Status: Active
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.
1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.