$533.25 Per Sq Foot $22,815 est/mo Sourced by Back At You

544550 S 6th Street,San Jose, CA 95112

San Jose CA, 95112

Share with a friend

Description

First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten units, including new stainless steel appliances, LVT flooring, quartz countertops, LED lighting, and washer & dryers in Nine (9) units. The exterior has also gone through major upgrades including new stucco, wood siding, stacked stone, and all new dual pane windows throughout. There is an attractive $2,070,000 fixed assumable loan at 3.80% interest through June 2030, that re-adjusts to 5.00% interest through June 2040. The note calls for interest only payments through June 2040, allowing for maximum cash flow during the Sixteen (16) years remaining on the existing note. The loan must be assumed and subject to lender approval.

Details

MLS#ML81962458
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1969
Days On Site31
Listing Provided ByMarcus & Millichap (650) 391-1700 | Eymon Binesh

Features

SQ Feet7,970
Car PortYes
Building(s)2
ZoningRM
Acreage0.27

Market Activity 95112

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 2 minutes ago
StateCA
CountySanta Clara
CitySan Jose
Zip Code95112
Area699 Not Defined
Listing VS Median (in 95112)
Price:
$4,250,000
low | high
Med:
$1,725,000
100% of Average
SqFt:
7,970
low | high
Med:
3,038
100% of Average
$ / SqFt:
$533
low | high
Med:
$568
43.519343221159% of Average
On Site:
31
low | high
Med:
192.000000
16.145833333333% of Average
Sourced by Back At You
Listing Updated: May 9, 2024 at 12:52:21 AM PDT