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555-569 S 2nd St

San Jose, CA 95112
  • $10,500,000
  • STATUS: Active
  • ON SITE: 384 Days
  • ID#: ML81824753
UPDATED: 26 min ago
$10,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,521
    SQFT
  • $512
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

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.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-26T20:48:58.113. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Real Estate Services.

Licensed in the State of California.
www.greaterbayarearealestate.com/homes/113042619
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555-569 S 2nd St San Jose, CA 95112

  • Price: $10,500,000
  • Status: Active
  • On Site: 384 Days
  • Updated: 26 min ago
  • ID#: ML81824753
0
Beds
0
Baths
0
½ Baths
N/A
Acres
20,521
SQFT
$512
$/SQFT
1928
Built
Neighborhood:
Central San Jose
County:
Santa Clara
Area:
Central San Jose
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.
Exterior Features

Foundation Concrete Perimeter Garage Parking CarportOff-Street ParkingVaries By Unit Number Of Buildings 2 Pool YN No Roof Composition Units In Complex Min 39

Interior Features

Additional Rooms Storage Beds Unit2 1 Cooling None Flooring CarpetTileVinyl / Linoleum Heating GasWall Furnace Kitchen Features Hood Over RangeOven Range - GasRefrigerator Sq Ft Unit1 500 Sq Ft Unit2 650 Sq Ft Unit3 700 Structure Sq Ft 20521

Property Features

Accessibility Features Parking Additional Listing Info Not Applicable Amenities High CeilingSecurity GateWalk-In Closet City Limits Yes City Name San Jose Communications Cable Tv Community Name Metro Walk Cross Street William Street Hoa Amenities Community Security Gate Hoa YN No Incorporated Yes Lot Size Area Maximum 14474.00 Meters Master WaterSeparate Common AreaSeparate ElectricSeparate Gas Rent Unit1 1295 Rent Unit2 2095 Rent Unit3 1100 Restrictions Pets - Allowed Security Features Fire AlarmSecured Garage / Parking Sewer Septic Sewer - Public Sq Ft Source Other Utilities Individual Electric MetersIndividual Gas Meters Water Public Zoning Dc

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Carlos Padilla of Intero Real Estate Services.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-26T20:48:58.113. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Real Estate Services.

Licensed in the State of California.
 
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