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744-746 N. 11th Street

Great Investment Opportunity

   

At an incredible price! Duplex with two 2Bed/1Bath/816sf Units in Luna Park, near SJSU/Downtown/Hwy101/I-680. All tenants month-to-month lease with upside. Exempt from San Jose Apartment Rent Ordinance (ARO/Rent Control).  Combine  816-818 N14th St as  alternative to more restrictive 4-plex. 

744-746 N 11th Street, San Jose, California | 4.51% CAP RATE | ASKING PRICE: $ SOLD

    Property Highlights

    Features

    *  Total Bldg Size:  1,632 Sq Ft (2 Units)                    *  Lot Size:  5,762 Sq Ft

    *   Year Built:  1960                                                             *  Separate PG&E. Common Water (owner paid) 

    *   All tenants are M-to-M Lease                                    *  Current Rents:  $44,880/yr (Market  $50,400)

    *  Units exempt from San Jose Apartment Rent Ordinance (Rent Control)

    Financial Summary

    Unit Mix:                   

    * 744 N11th St:  2Bed/1Bath/816 Sq Ft  $ 1,900/mo                 + 2 Addt'l Non-Conf Bedrooms (total 4 beds) 

    * 746 N14th St: *2Bed/1Bath/816 Sq Ft $ 1,840/mo                  

    *  $/unit:  $399,925/unit                                                                          *  Annual Mortgage Payment:  $ 992.65 

    *  $/SF:  $ 493/sf                                                                                          *  Annual Property Insurance:  $ 606

    *  Annual Gross Rent:   $ 44,880                                                              Water Paid:  $ 2,424/yr

    *  Annual Interest:  $4,639

    Showing Instructions

    Offer Deadline SOLD  

    Drive By Only - DO NOT DISTURB TENANTS!

    Virtual Tour

    744-746 N 11th Street - VIRTUAL TOUR LINK

    Disclosures/Financials

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    280 Junipero Common | Fremont, CA 94536 | 2Bed/1.5Bath/1,140 sq

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