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431 S 11th St
San Jose, CA 95112

Multifamily Property For Sale · 9 Units

INVESTMENT HIGHLIGHTS

  • Located near State University, convenient transportation and shopping
  • For potential buyers looking for 1031 projects, the Cap Rate reaches 5.0%
  • The bathroom is fully updated, the new heater, the stove head, the exterior wall and the garage are fully painted
  • A transferable bank loan of $1.3 million with interest rates as low as 5.15% is available.

EXECUTIVE SUMMARY

A 2-story apartment building conveniently located near San Jose State University. At present, the owner is in management by himself, and the operation is in good condition. Recently, the exterior walls, stairs and garage of the apartment have been fully painted, all the toilets, basin cabinets, faucets, shower heads and bathtub drops have been replaced, and new wall heaters and electric cooktops have been replaced. At present, the rent is full, the annual rental income is about $200,000, the CPA is 5.0%, you can apply for bank loans. Interested customers can contact the owner directly, can send email or text, avoid phone contact. No brokers. Thank you for your cooperation

PROPERTY FACTS

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 6,248 SF
Average Occupancy 100%
No. Stories 2
Year Built 1965
Parking Ratio 1.6/1,000 SF
APN / Parcel ID 467-49-026

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 $1,850 600
2+1 3 $2,300 750

AMENITIES

UNIT AMENITIES

  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Hardwood Floors
  • Freezer
  • Instant Hot Water

SITE AMENITIES

  • Courtyard
  • Laundry Facilities
  • Spa

ZONING

Zoning Code RM, San Jose
  • Listing ID: 29913406

  • Date on Market: 10/28/2023

  • Last Updated:

  • Address: 431 S 11th St, San Jose, CA 95112