
ASSUMABLE 3.85% debt! This West San Jose 11-unit multifamily offers a rare opportunity for investors and 1031 Exchange candidates seeking a well-maintained asset with CERTAINTY of DURABLE CASH FLOW and TREMENDOUS RENT GROWTH potential in a Prime Single Family Home neighborhood. Expect 33% rent growth in 5 years by catering to $201,279 average-income households within 5 miles, and through interior unit upgrades, unlock potential upsides. With projected rent growth, achieve a 6.4% cap rate and 11.3 GRM. Featuring (2) 2+2 and (9) 1+1 units, current rent averages $2,073, projected at $2,342. Enjoy amenities such as a courtyard, secured gates, on-site laundry, covered parking spaces, and storage. The Property further benefits from past capital improvements of 6 renovated units. This property boasts an ideal location near major highways, including 280, 85, San Tomas Expy, and Lawrence Expy, as well as major grocery stores like Mitsuwa and Sprouts, and major tech companies like Apple, Netflix, and Nvidia.
ML81927390
Multi-Family, Other
3
Santa Clara
3 Full
1962
0.3238
Acres
Water: Public
Sewer: Sewer - Public
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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