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Listed by Patrick Carvalho • Fathom Realty Group • 279-238-5270
$ 2,099,000
Est. payment /mo
Active
1019 Villa Avenue San Jose, CA 95126
4,056 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,056 sqft
Price per Sqft $517
MLS Listing ID ML82061883
HOA Y/N No
Year Built 1957
Lot Size 10,000 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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.
Location
State CA
County Santa Clara
Interior
Heating Other
Cooling Ceiling Fan(s)
Flooring Hardwood, Tile
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Water Public
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