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    555 S 2nd St

    San Jose, CA 95112
    • $11,000,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: ML81824753
    UPDATED: 60 min ago
    $11,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,521
      SQFT
    • $536
      $/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. 15 units extensively renovated with new kitchen cabinets and countertops, new carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Stabilized GRM/Cap Rate: 14.55 / 4.73%. 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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    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-03-01T10:48:35.963. 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 Intero Real Estate.

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

    • Price: $11,000,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: ML81824753
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    20,521
    SQFT
    $536
    $/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. 15 units extensively renovated with new kitchen cabinets and countertops, new carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Stabilized GRM/Cap Rate: 14.55 / 4.73%. 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 YN No Incorporated Yes Lot Size Area Maximum 14474.00 Meters Master WaterSeparate Common AreaSeparate ElectricSeparate Gas Rent Unit1 1295 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

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Carlos Padilla of Intero Real Estate Services.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-03-01T10:48:35.963. 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 Intero Real Estate.

    Licensed in the State of California.
     
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