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553 S. 6th Street

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

N/A

6 Units | Multifamily

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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)

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Created 2/15/2012