This Multifamily Property is Off-Market.

553 S. 6th Street
San Jose, CA 95112 ·

6 Units · Multifamily For Sale

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Multifamily Property For Sale

Price N/A Cap Rate 6.84%
No. Units 6 Gross Rent Multiplier 10.77
Building Size 4,090 SF Occupancy 100%
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1922
Property Use Type Investment Lot Size 9,583 SF
Commission Split 2.5% Parking Ratio 6 / 1,000 SF
Listing ID: 17533240 Date Created: 02/15/2012 Last Updated: 03/22/2012

Description

13% Cash on Cash Return. 22% down payment. Assumable private loan of $800,000 fixed at 5% interest only. Aesthetically attractive building with charm and character. New copper plumbing and concrete driveway and parking area. Common patio. Basement with washer & dryer. Strong in place rents with upside potential. Mills Act keeps the property taxes low.

Situated between attractive single family homes. 2 parcels away from city park. One block to San Jose State University.

Highlights

  • 13% Cash on Cash Return
  • High Leverage Opportunity - 22% down payment
  • Walking distance to San Jose State University
  • New Copper Plumbing, New Concrete Driveway
  • Individual Tankless Hot Water Heaters
  • Aesthetically Appealing

Research

553 S. 6th Street, San Jose, CA 95112 (Santa Clara County)

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