Multifamily
128 E Reed St
128 E Reed St, San Jose, CA 95112
Listing Price: $2,475,000
Investment Overview
Marcus & Millichap is pleased to present 128 E. Reed Street, a well-maintained
six-unit multifamily investment located near San Jose State University in
the SUN neighborhood. Construction was completed in 1980, and as such,
the property is not subject to the City of San Jose’s rent control ordinance,
providing an owner with greater flexibility in rent growth. The asset offers a
desirable and balanced unit mix consisting of two (2) two-bedroom/two-bath
units, two (2) two-bedroom/one-bath units, and two (2) studio apartments. The
improvements total approximately 4,386 rentable square feet and are situated
on an 8,833 square foot parcel, providing an efficient, low-density footprint in a
highly sought-after urban infill location.
128 E Reed St
Investment Highlights
- BUILT IN 1980 Not Subject to San Jose City Rent Control
- PRIME DOWNTOWN SAN JOSE LOCATION SUN Neighborhood near San Jose State University
- PRIDE OF OWNERSHIP Renovated Asset Demonstrates Pride of Ownership with $370K+ of Recent Upgrades
- WASHER AND DRYER In-Unit Laundry (3 Units) + New Common Area Coin Operated Washer and Dryer
- GATED COMMUNITY With Secure Entrances
- COMMUTER FRIENDLY LOCATION Fantastic Location for Commuters & Students
Exclusively Listed By
Listing Price: $2,475,000
Investment Highlights
- BUILT IN 1980 Not Subject to San Jose City Rent Control
- PRIME DOWNTOWN SAN JOSE LOCATION SUN Neighborhood near San Jose State University
- PRIDE OF OWNERSHIP Renovated Asset Demonstrates Pride of Ownership with $370K+ of Recent Upgrades
- WASHER AND DRYER In-Unit Laundry (3 Units) + New Common Area Coin Operated Washer and Dryer
- GATED COMMUNITY With Secure Entrances
- COMMUTER FRIENDLY LOCATION Fantastic Location for Commuters & Students
Investment Overview
Marcus & Millichap is pleased to present 128 E. Reed Street, a well-maintained six-unit multifamily investment located near San Jose State University in the SUN neighborhood. Construction was completed in 1980, and as such, the property is not subject to the City of San Jose’s rent control ordinance, providing an owner with greater flexibility in rent growth. The asset offers a desirable and balanced unit mix consisting of two (2) two-bedroom/two-bath units, two (2) two-bedroom/one-bath units, and two (2) studio apartments. The improvements total approximately 4,386 rentable square feet and are situated on an 8,833 square foot parcel, providing an efficient, low-density footprint in a highly sought-after urban infill location.
Exclusively Listed By
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