553 S. 6th Street
San Jose, CA 95112 ·
6 Units · Multifamily For Sale
Multifamily Property For Sale
|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|
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.
- 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
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