This property is Off-Market

511-523 E. Reed Street
San Jose, CA 95112 ·

12 Units · Multifamily For Sale

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Multifamily Property For Sale

Price N/A Cap Rate 6.55%
No. Units 12 Gross Rent Multiplier 10.11
Building Size 7,116 SF Occupancy 100%
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1958
Property Use Type Investment Lot Size 9,522 SF
Commission Split 2% Parking Ratio 12 / 1,000 SF
Listing ID: 17532518 Date Created: 02/15/2012 Last Updated: 02/15/2012

Description

10% Cash on Cash return. Strong in place rents with upside potential. New dual paned windows, exterior paint and asphalt. Extremely well-maintained.

Located on the corner of E. Reed Street and S. 11th Street. Walking distance to San Jose State University. Excellent drive-by visibility.

Highlights

  • 10% Cash on Cash Return
  • New Dual Paned Windows, Exterior Paint
  • Walking distance to San Jose State University

Research

511-523 E. Reed Street, San Jose, CA 95112 (Santa Clara County)

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