** Call For Offers Date: Tuesday, September 25th by 5PM **
Tours: Thursday, September 20th from 11:00 AM - 1:00 PM
*Contact Listing Agents For OM & Due Diligence.
Marcus & Millichap is pleased to present the Villa Venetia Apartments, located at 20 Hensley Street in San Jose, CA.
Constructed in 1920, this truly vintage asset offers an investor 5,128 square feet of living area which is situated upon a 6,750 square foot lot and includes contiguous parking lot for tenants. The Venetia contains eight (8) spacious one-bed, one-bath units which all include large walk-in closets. The asset has been meticulously maintained and cared for under current ownership and includes interior upgrades such as brand new furnaces (40 BTU's) and upgraded electrical panels. The units themselves offer an attractive floor plan as all eight of them sit in their own corner within the building (4 on top and 4 on the bottom), which allow for more natural lighting and outside views. In addition to their layout, the units boast tall ~9 foot ceilings which make the units appear and feel larger than normal.
Villa Venetia offers an exceptional opportunity for an investor looking to come in and add value over time by further renovating the units and pushing the rents. The asset commands high rents as it is located within walking distance of many nearby amenities including, Ryland Park, St James Park and the Japantown Light Rail Station which can be used to access the multitude of large employers located in Mountain View, Santa Clara & San Jose. In addition, the Venetia is located only blocks away from the multiple restaurants, retail & amenities that San Jose's popular down town destination has to offer.
