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555-569 S 2nd Street

San Jose, CA 95112
  • $10,500,000
  • STATUS: Active
  • ON SITE: 376 Days
  • ID#: ML81824753
UPDATED: 31 min ago
$10,500,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,521
    SQFT
  • $512
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Description

Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.

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Bay East ©2022. CCAR ©2022. bridgeMLS ©2022. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2022-01-19T08:35:39.407.

www.tomschieberteam.com/homes/113081399
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555-569 S 2nd Street San Jose, CA 95112

  • Price: $10,500,000
  • Status: Active
  • On Site: 376 Days
  • Updated: 31 min ago
  • ID#: ML81824753
0
Beds
0
Baths
0
½ Baths
0.33
Acres
20,521
SQFT
$512
$/SQFT
1928
Built
Neighborhood:
Central San Jose
County:
Santa Clara
Area:
Central San Jose
Property Description
Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.
Exterior Features

Lot Size Area 0.33 Parking Spaces Total 0 Roof Shingle

Interior Features

Appliances Refrigerator Building Area Total 20521 Cooling None Cooling YN No Flooring Tile Heating Natural GasWall Furnace Heating YN Yes

Property Features

Age 93 City Transfer Tax Yes For Sale Or Rent For Sale Present Use 14256 Property Sub Type Other Sewer Public Sewer Water Source Public Zoning Dc

Listing courtesy of Carlos Padilla of Intero Real Estate Services.


Bay East ©2022. CCAR ©2022. bridgeMLS ©2022. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2022-01-19T08:35:39.407.

 
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