Listed by Marcus & Millichap - Palo Alto
$2,100,000
Alden Way Apartments
Details
APN 303-29-015
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 5,226
Units 5
Cap Rate 5.01%
NOI $105,228
Occupancy 100%
Pro-Forma Cap Rate 6.15%
Pro-Forma NOI $129,171
Broker Co-Op Yes
Year Built 1958
Buildings 1
Stories 2
Lot Size (SqFt) 8,398
Parking Spaces spaces
Investment Type Stabilized
5 Units in West San Jose | Blocks from Valley Fair and Santana Row
Investment highlights
Five-unit apartment building with large two-bedroom/one-bathroom units
New windows, parking lot, landscaping, irrigation system, water heater, gutters, and heaters
All units have an enclosed patio or large balcony
Units are individually metered for electricity and natural gas; master meter for water
Carport spaces for all units and four open parking spaces
Less than one mile from Westfield Valley Fair and Santana Row
Easily accessible from Interstate 280 at Saratoga Avenue and Winchester Boulevard
Listing Contacts
Listed by Marcus & Millichap - Palo Alto
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,228.00
$8,769.00/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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