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164 E Reed St 8 Unit Apartment Building $1,788,000 ($223,500/Unit) 5.26% Cap Rate San Jose, CA 95112
Executive Summary
NO Onsite Manager Needed
Water is master metered and paid by Landlord
Garbage/Sewer is paid by Landlord (under utilities)
8 1 Bedroom Apartments above Covered Parking
Individually Metered Electricity- Tenants pay Internet/Cable, etc.
Excellent Rental History - Below Market Rents - Historically Low Turn-Over
Water is master metered and paid by Landlord
Garbage/Sewer is paid by Landlord (under utilities)
8 1 Bedroom Apartments above Covered Parking
Individually Metered Electricity- Tenants pay Internet/Cable, etc.
Excellent Rental History - Below Market Rents - Historically Low Turn-Over
Property Facts
| Price | $1,788,000 | Building Class | C |
| Price Per Unit | $223,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,353 SF |
| Cap Rate | 5.26% | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.71 | No. Stories | 3 |
| No. Units | 8 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CG | ||
| Price | $1,788,000 |
| Price Per Unit | $223,500 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 15.71 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,353 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CG |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 472-27-061 | Improvements Assessment | $110,731 |
| Land Assessment | $65,954 | Total Assessment | $176,685 |
Property Taxes
Parcel Number
472-27-061
Land Assessment
$65,954
Improvements Assessment
$110,731
Total Assessment
$176,685
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164 E Reed St