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Silicon Valley Multifamily Group
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10 Unit Multifamily Value-Add Opportunity!

Address:

126-136 N 7th St, San Jose, CA 95112

Availability:

For Sale

Property Type:

10 Unit Multifamily Opportunity

# Units:

10

Description:

· 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

Additional Info

SILICON VALLEY MULTIFAMILY GROUP
235 Oak Meadow Dr, Los Gatos, CA 95032
(408) 356-1900

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