Multifamily
772 & 776 S. 2nd Street (Seller Financing Available)
772 & 776 S Second St, San Jose, CA 95112
Listing Price: $2,550,000
Investment Overview
The subject property is a well-maintained six-unit apartment complex and detached four-bedroom/two-bathroom single family home situated in Downtown San Jose. Situated on a 8,625 square foot parcel, and has a gross building area of approximately 4,998 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom, and four-bedroom floor plans. Property consists of a detached four-bedroom/two-bathroom home (1,400 square feet) and a separate six-unit Victorian apartment building with three one-bedroom/one-bathroom, three two-bedroom/one-bathroom units, an Art Studio that can be converted into a one-bedroom/one-bathroom dwelling, and three two-car garages. Additionally, there are three, two-car garages (separate parcel) that are in the process of being rented out to provide additional monthly income.
Exclusively Listed By
Multifamily
772 & 776 S. 2nd Street (Seller Financing Available)
Listing Price: $2,550,000
Investment Highlights
- Seller Financing: up to 85% LTV, interest-only for 18 months
- Potential low Down Payment of just $382,500
- Immediate upside in cash flow: New owner can raise rents on 5 units by 5.00% in August
Investment Overview
The subject property is a well-maintained six-unit apartment complex and detached four-bedroom/two-bathroom single family home situated in Downtown San Jose. Situated on a 8,625 square foot parcel, and has a gross building area of approximately 4,998 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom, and four-bedroom floor plans. Property consists of a detached four-bedroom/two-bathroom home (1,400 square feet) and a separate six-unit Victorian apartment building with three one-bedroom/one-bathroom, three two-bedroom/one-bathroom units, an Art Studio that can be converted into a one-bedroom/one-bathroom dwelling, and three two-car garages. Additionally, there are three, two-car garages (separate parcel) that are in the process of being rented out to provide additional monthly income.
Exclusively Listed By
