· 10-unit multifamily property in 4 buildings on 2 parcels (15,420 SF)
126 N 7th Street – (3) 1BR/1BA units (Triplex: 126-1, 126-2, 126-3)
128 N 7th Street – (1) 3BR/1BA unit (Single Family Residence)
130 N 7th Street, Units 1 & 2 – (2) 1BR/1BA units (Duplex: 130-1, 130-2)
132, 132-A, 134, 136 N 7th Street – (4) 1BR/1BA units (Fourplex)
· Value-add opportunity: Potential ADU addition, unit remodels and some repairs.
· Upside potential: 2 vacant units (SFR + 1 fourplex unit) in need of renovations.
· Conversion potential: plans submitted to convert the 3BR SFR into two units (2BR + 1BR).
· Recent upgrades: Triplex fully renovated, Duplex units renovated. Onsite laundry facility, and more!
· Current CapRate 4.6% & 11.25 GRM.
· Pro Forma CapRate 6.8% & 8.9 GRM.
· Downtown San Jose location: 2 blocks from San Jose State University and City Hall.
· List Price : $2,250,000