555-569 S 2nd St, San Jose, CA 95112

$10,500,000
20,521
SqFt
List Price
$10,500,000
Price Change
▼ $500,000 1635392875
MLS#
ML81824753
Status
ACTIVE
Sqft. of Residence
20,521
Lot Size
14,474
Listing Area
Central San Jose
Year Built
1928

Property Description

Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.

Additional Information

Acres
0.3323
Age
93
Amenities
High Ceiling, Security Gate, Walk-in Closet
Building Name
Metro Walk
Cooling System
None
Floor Covering
Carpet, Tile, Vinyl / Linoleum
Foundation
Concrete Perimeter
Garage Parking
Carport, Off-Street Parking, Varies by Unit
Heating System
Gas, Wall Furnace
Living Area
20,521
Lot Size
14,474
Neighborhood
Central San Jose
Other Rooms
Storage
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Composition
Sewer
Sewer - Public
Special Features
Parking
Zoning
DC

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Carlos Padilla from Intero Real Estate Services

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