This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, San Jose, CA or California

553 S. 6th Street

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

N/A

6 Units | Multifamily

  • Print

Multifamily Property - Off Market

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

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

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.

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

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

  • Demographics – Population, income & other demographics near 553 S. 6th Street
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

15 Photos
2 BLOCKS FROM SJSU!!! O...
2 BLOCKS FROM SJSU!!! O...
  • San Jose, CA
  • $3,175,000
  • 5,308 SF Bldg
11 Photos
Great Location! Close t...
Great Location! Close t...
  • San Jose, CA
  • $2,499,000
  • 3,332 SF Bldg
14 Photos
Downtown San Jose Tri-P...
Downtown San Jose Tri-P...
  • San Jose, CA
  • $1,165,000
  • 3,520 SF Bldg
7 Photos
Barker
Barker
  • San Jose, CA
  • $1,459,000
  • 3,852 SF Bldg
2 Photos
1237-1261 San Carlos
1237-1261 San Carlos
  • San Jose, CA
  • $1,999,888
  • 5,200 SF Bldg