431 S 11th St
San Jose, CA 95112
Multifamily Property For Sale · 9 Units
![431 S 11th St, San Jose, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/CkSf4rNBAuN-JnU03pUSRAOAuujfWGsZvquNVkG6e4I/110/431-S-11th-St-San-Jose-CA-Building-Photo-1-Large.png)
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
The Naglee Park Multifamily Property at 431 S 11th St, San Jose, CA 95112 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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