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73 Duane St 5 Unit Apartment Building $1,625,000 ($325,000/Unit) 5.34% Cap Rate San Jose, CA 95110
EXECUTIVE SUMMARY
Welcome to 73 Duane Street: A market rent five unit apartment building near Downtown San Jose with room for value add. The properties unique placement at the end of a cul-de-sac and expansive lot provides opportunity for development or addition of new dwellings. The building features updated electrical, remodeled units and ample parking (14 spaces!). The building recently passed city inspection. The unit mix is ideal, with (2) two bedroom units and (3) one bedroom units. The laundry room is coinless, providing ease to tenants and less work for the property owner. The building is professionally managed with great tenants in place.
PROPERTY FACTS
| Price | $1,625,000 | Building Class | C |
| Price Per Unit | $325,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 2,898 SF |
| Cap Rate | 5.34% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 2.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RN - Residential Neighborhood | ||
| Price | $1,625,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,898 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.8/1,000 SF |
| Zoning | RN - Residential Neighborhood |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 264-33-096 | Improvements Assessment | $451,013 |
| Land Assessment | $1,220,389 | Total Assessment | $1,671,402 |
PROPERTY TAXES
Parcel Number
264-33-096
Land Assessment
$1,220,389
Improvements Assessment
$451,013
Total Assessment
$1,671,402
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73 Duane St
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