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816-818 N. 14th Street

Great Investment Opportunity at 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  744-746 N11th St as  alternative to more restrictive 4-plex.  

816-818 N 14th Street, San Jose, California | 4.67% CAP RATE | ASKING PRICE: $ SOLD

    Property Highlights

    Features

    *  Total Bldg Size:  1,623 Sq Ft (2 Units)         *  Lot Size: 5,404 Sq Ft

    *  Year Built: 1961                                                    *  Separate PG&E, Common Water (owner paid)

    *  All tenants are M-to-M Lease                          *  Current Rents:  $45,000/yr (Market $50,400)



    Financial Summary

    Unit Mix:

    *  816 N14th St:    2Bed/1Bath/756 Sq Ft       $ 1,900

    *  818 N14th St: **2Bed/1Bath/867 Sq Ft      $ 1,850           ** (1 Addt'l non-conf bedrooms (total 3 Unit 816)

       

    * $/Unit:  $399,975                                                                             *  Annual Mortgage Payment:  $ 992.65

    * $/SF:  $246/sf                                                                                    *  Annual Property Insurance:  $992.65 

    *  Annual Gross Rents: $ 45,000                                                    *  Water Paid:  $ 1,464.90

    *  Annual Interest:  $14,661                                                             * Bank appraised at $ 1,020,000 in 2021

    Showing Instructions

    Offer Deadline SOLD

    Drive By Only - DO NOT DISTURB TENANTS!

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    816-818 N14th St - 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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