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

Multifamily Property For Sale

$150,000 PRICE REDUCTION! 8.8 on GSI, Two Parcels!

710 N 23rd Street, San Jose, CA 95112

Price:
$4,700,000
No. Units:
25
Building Size:
24,491 SF
Price/Unit:
$188,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.47%
Gross Rent Multiplier:
9.60
No. Stories:
2
Lot Size:
40,076 SF
Find Out More...

Last Verified 10/23/2009 Listing ID 16442987

Highlights

8.8 on GSI!
$150k HUGE PRICE REDUCTION! NEW PRICE $4,700,000
Corner sunny lot, Two parcels!!

(24) 3br/1.5ba
LARGE 4,792/0.110AC separate parcel for additional parking.

Description

8.8 on GSI!
HUGE PRICE REDUCTION! NEW PRICE $4,700,000
Corner sunny lot, Two parcels!! - Consists of HUGE (24) 3br/1.5ba and (1) 1br/1ba. Newly renovated interiors & exterior improvements. Many tiled kitchen & baths, new carpeting. LARGE 4,792/0.110AC separate parcel for additional parking.

Located on the corner of 23rd Street and Taylor Street. just 2 blocks from the New Watson Pak Project! Several blocks from Japantown & Downtown San Jose. Off of Highway 101 and 880. Conveniently located near all transportation & ight rail station.

Financial Summary

Unit Mix Information

Debt & Equity Information

Proforma
Scheduled Gross Income
$489,600
Effective Gross Income
$465,120
Operating Expenses
$160,804
Net Operating Income
$304,316

Description	No. Units	Avg. Mo. Rent
3 br / 1.5 ba	24	$1,650
1 br / 1 ba	1	$850

Map of 710 N 23rd Street, San Jose, CA 95112 (Santa Clara County)

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Created 10/22/2009

Additional Information for 710 N 23rd Street, San Jose, CA 95112

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 4 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - $150,000 PRICE REDUCTION! 8.8 on GSI, Two Parcels!

710 N 23rd Street, San Jose, CA, 95112