Comm Ri Multi-units 5+ For Sale
9,514 Sqft - 283 Reed Street, SAN JOSE, California 95112
Property Description
Outstanding investment opportunity in Downtown San Jose- near SJSU and only 2 miles from Diridon Station. 14 units with a desirable unit mix of (9) 1/1, (4) 2/1 and (1) 3/1 units with solid in-place rents. Fully occupied wit a mix on new and long-term tenants. Realistic upside in 12 months with very attractive financing available to apartment investors. Well maintained and professionally managed property with long-term ownership.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81850009
Price : $4,150,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 9,514 Sqft
Year Built : 1958
Lot Area : 0.27 Sqft
Features
Heating System : Wall Furnace
Roof : Other
Address Map
Country : US
State : CA
County : Santa Clara
City : SAN JOSE
Zipcode : 95112
Street : Reed Street
Street Number : 283
Floor Number : 0
Longitude : W122° 7' 18.9''
Latitude : N37° 19' 48.5''
MLS Addon
Office Name : Intero Real Estate Services
Building Type : Other
Area : Central San Jose
Address : 283 E Reed Street
Address Direction : E
LA1User Code : MLL5065105
LA1Agent First Name : Patrick
LA1Agent Last Name : Conkin
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 14
Zoning : RM
List $/SqFt : $0
Age : 63
Apx Lot Sq Ft : 11,811 Sqft
Type of Building : Apt Complex
Annual Taxes : $54,178
Total Deposits : $0
OPERATING EXPENSES : Maintenance/repair, Trash Removal, Vacancy Factor, Water
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.89
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $4,150,000
Sold Price : $3,960,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 314148
Net Oper Income : 202863
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 14100
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 13.21
Buyer Agent DRE Num. : 00922897
List Agent DRE Num. : 00922897
Filtered Address : 283 E Reed ST
LA1Agent License ID : 00922897
LA1Old Agent ID : 298768
SA1Agent First Name : Patrick
SA1Agent Last Name : Conkin
SA1Agent License ID : 00922897
SA1User Code : MLL5065105
SA1Old Agent ID : 298768
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 472-28-037
Showing : Do Not Disturb Occupants,Subject to Inspection
SO1Office Abbreviation : MLL35507
SO1Office Name : Intero Real Estate Services
LO1Main Office ID : 303252
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 68176
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3960000
Address Search Number : 283
Listing Agent : 279676
Listing Office : 68176
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 279676
Buying Office 1 : 68176
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 8
Input Date : 21/06/2021 18:16:33
Update Date : 09/09/2021 21:39:11
PhotoTimestamp : 04/09/2021 04:09:55
First Photo Add Timestamp :
List Date : 21/06/2021
Expire Date :
Pending Date : 01/07/2021
Closing Date : 03/09/2021
Status Date : 03/09/2021
Price Date :
Off Market Date : 01/07/2021
Status : Sold
Dual Variable : No
HOA : No
City Transfer Tax : Yes
Off Market Status Date :
LVT Date :
DOMLS : 10
Cumulative DOMLS : 10
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 600
Unit # 1 Rent: 1595
Unit # 2 # of Bedrooms: 2
Unit # 2 Approx. SqFt: 750
Unit # 2 Rent: 1895
Unit # 3 # of Bedrooms: 3
Unit # 3 Approx. SqFt: 950
Unit # 3 Rent: 2600
