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431 S 11th Street

San Jose, CA 95112
  • $2,690,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: ML81948230
UPDATED: 26 min ago
$2,690,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:

School Ratings & Info

School District:
Listing Agent(s): Jing Peng of Exp Realty Of California Inc ((888) 584-942---) and Michael Garcia of Exp Realty Of California((888) 832-7179)


Description

Welcome to a prime investment opportunity! This 9-unit apartment building plus office space strategically located a quarter block from SJSU and Downtown, boasts convenience and accessibility. With 8 carports, each paired with a storage space for the tenant, 1 garage and 2 open parking. The property features on-site laundry by using QR code scan. All 9 units are occupied, showcasing a strong demand in this highly sought-after location. Additionally, the property includes 2 storage units for the owners use. Recent updates include wall heater, bathtub faucet, freshly painted stairs & exterior, and automatic irrigation that enhances the overall appeal and functionality of the building. The updates extend to the mailboxes, reflecting a well-maintained property ready for its new owner. Don't miss the chance to invest in this thriving community with a property that combines comfort, practicality, and value. The property has a transferable loan of $1.3M at 5.15% interest rate.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-08T10:31:29.03. 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 deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/145362587
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431 S 11th Street San Jose, CA 95112

  • Price: $2,690,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 26 min ago
  • ID#: ML81948230
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1959
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
San Jose Unified
Property Description
Welcome to a prime investment opportunity! This 9-unit apartment building plus office space strategically located a quarter block from SJSU and Downtown, boasts convenience and accessibility. With 8 carports, each paired with a storage space for the tenant, 1 garage and 2 open parking. The property features on-site laundry by using QR code scan. All 9 units are occupied, showcasing a strong demand in this highly sought-after location. Additionally, the property includes 2 storage units for the owners use. Recent updates include wall heater, bathtub faucet, freshly painted stairs & exterior, and automatic irrigation that enhances the overall appeal and functionality of the building. The updates extend to the mailboxes, reflecting a well-maintained property ready for its new owner. Don't miss the chance to invest in this thriving community with a property that combines comfort, practicality, and value. The property has a transferable loan of $1.3M at 5.15% interest rate.
Exterior Features

Carport Spaces 8 Carport YN Yes Parking Total 2 Roof Other

Interior Features

Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 193984 Insurance Expense 3794 Listing Agreement Exclusive Right To Sell Maintenance Expense 987 Other Expense 2631 Special Listing Conditions Standard Tax Annual Amount 29425 Trash Expense 2679 Water Source Public Zoning RM



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-08T10:31:29.03. 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 deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Jing Peng of Exp Realty Of California Inc ((888) 584-942---) and Michael Garcia of Exp Realty Of California((888) 832-7179)