8 Unit Apartment Bldg. with 2 Retail Units | 2701 Alum Rock Ave
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8 Unit Apartment Bldg. with 2 Retail Units 2701 Alum Rock Ave
4,706 SF 100% Leased Retail Building San Jose, CA 95127 $2,900,000 ($616/SF) 7.06% Cap Rate
Investment Highlights
- 8 Unit Apartment Building with 2 Retail Units
- All 8 Apartment Units are 1 Bedroom/1 Bathroom
- 100% Leased
- Located on the Corner of Alum Rock Ave & N Capitol Ave with Easy Access to Hwy 680
Executive Summary
- 8 unit apartment building with 2 retail units.
- 100% leased.
- All 8 apartment units are 1 bedroom/1 bathroom.
- Located on the corner of Alum Rock Ave & N Capitol Ave with easy access to Hwy 680.
- 100% leased.
- All 8 apartment units are 1 bedroom/1 bathroom.
- Located on the corner of Alum Rock Ave & N Capitol Ave with easy access to Hwy 680.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,706 SF
Building Class
C
Year Built
1954
Price
$2,900,000
Price Per SF
$616
Cap Rate
7.06%
NOI
$204,656
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.29 AC
Zoning
C1 - Commercial Neighborhood
Parking
11 Spaces (2.34 Spaces per 1,000 SF Leased)
Frontage
35 FT on Alum Rock Ave
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 484-19-112 | Improvements Assessment | $871,871 |
Land Assessment | $450,750 | Total Assessment | $1,322,621 |
PROPERTY TAXES
Parcel Number
484-19-112
Land Assessment
$450,750
Improvements Assessment
$871,871
Total Assessment
$1,322,621
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8 Unit Apartment Bldg. with 2 Retail Units | 2701 Alum Rock Ave
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