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80 S 22nd Street

San Jose, CA 95116
  • $2,150,000
  • STATUS: Active Under Contract
  • ON SITE: 141 Days
  • ID#: ML81948925
Under Contract
UPDATED: 11 min ago
$2,150,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1961
County:

School Ratings & Info

School District:
Listing Agent(s): Michael Shields of SiliconValley MultiFamilyGroup (408-356-1900)


Description

Multifamily property consists of eight, 1BD/1BA units, approx 425 SF in size. Seven of the eight units have been renovated with newer cabinetry, granite countertops, appliances, flooring, paint and are in very good condition. All units also have double pane windows. All 8 units are currently rented with 7 at market rate of $1,895/month/unit. There are no delinquent rents or tenants in arrears. See the Unit Mix Report in OM for the rental amount for each unit. The 3,618 square foot building consist of a concrete foundation with stucco over wood structure, composite shingle roof and concrete parking lot. The lot size is 7,800 square feet and the property is zoned Residential Multifamily (RM). There are 8 uncovered parking spaces on-site. There is no tuckunder parking for this building which means that a "soft-story" engineering retrofit will not be required. The property is located in an exceptionally strong East San Jose Rental Market where demand for units is very robust. This property is subject to San Jose's Apartment Rental Ordinance and Tenant Protection Ordinance, as are all 3+ unit buildings constructed before 2007.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-20T13:36:54.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Hertz Group. Licensed in the State of California, USA.
www.jordonayourrealtor.com/homes/145640134
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80 S 22nd Street San Jose, CA 95116

  • Price: $2,150,000
  • Status: Active Under Contract
  • On Site: 141 Days
  • Updated: 11 min ago
  • ID#: ML81948925
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1961
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
San Jose Unified
Property Description
Multifamily property consists of eight, 1BD/1BA units, approx 425 SF in size. Seven of the eight units have been renovated with newer cabinetry, granite countertops, appliances, flooring, paint and are in very good condition. All units also have double pane windows. All 8 units are currently rented with 7 at market rate of $1,895/month/unit. There are no delinquent rents or tenants in arrears. See the Unit Mix Report in OM for the rental amount for each unit. The 3,618 square foot building consist of a concrete foundation with stucco over wood structure, composite shingle roof and concrete parking lot. The lot size is 7,800 square feet and the property is zoned Residential Multifamily (RM). There are 8 uncovered parking spaces on-site. There is no tuckunder parking for this building which means that a "soft-story" engineering retrofit will not be required. The property is located in an exceptionally strong East San Jose Rental Market where demand for units is very robust. This property is subject to San Jose's Apartment Rental Ordinance and Tenant Protection Ordinance, as are all 3+ unit buildings constructed before 2007.
Exterior Features

Carport Spaces 0 Parking Total 8 Roof Composition

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 178080 Insurance Expense 4500 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 26228 Other Expense 568 Special Listing Conditions Standard Tax Annual Amount 29629 Trash Expense 4954 Water Source Public Zoning RM



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-20T13:36:54.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Hertz Group. Licensed in the State of California, USA.
 
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The Hertz Group
31518 Emperor Dr.
Canyon Lake CA, 92587
Listing Agent(s): Michael Shields of SiliconValley MultiFamilyGroup (408-356-1900)