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Century 21 Realty Masters
1019 Villa Avenue, San Jose, CA 95126
- $2,099,000
- List Price
- $2,099,000
- Price Change
- ▼ $100,999 1792107992
- Status
- ACTIVE
- MLS#
- ML82061883
- Year Built
- 1957
- Lot Size
- 10,000
- Acres
- 0.23
- Days on Market
- 32
- Property Type
- Commercial
Property Description
Exceptional San Jose investment opportunity featuring 7 residential units across 2 buildings on one APN. The property includes a 2 bedroom, 1 bath single family residence with approximately 1,200 sq ft of living space and a full cement construction basement, plus a separate 6 unit building with six 1 bedroom, 1 bath units. Generating approximately $13,935 in monthly rental income, the property offers $132,901 in annual NOI and a 6.04% in place cap rate, with pro forma potential of $147,221 NOI and a 6.71% cap rate. Recent capital improvements include new windows and electrical panels. A compelling opportunity for investors seeking established rental income and potential to enhance returns in the San Jose market.
Additional Information
- Taxes
- $13,157
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Shingle
- Water
- Public
- School District
- San Jose Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $167,220
Listing courtesy of Listing Agent: Patrick Carvalho (realtorpatrickcarvalho@gmail.com) from Listing Office: Fathom Realty Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.