Listed by Bos Group
$2,639,950
2145 Randolph Drive
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,740
Units 7
Cap Rate 4.25%
NOI $112,142
Pro-Forma Cap Rate 4.43%
Pro-Forma NOI $116,818
Price per SqFt $706
Year Built 1957
Lot Size (SqFt) 6,600
Parking Spaces 7 spaces
Parking per 1,000 SqFt 1.87
Investment Type Value Add
2145 Randolph Drive, San Jose, CA 95128
Marketing description
2145 Randolph Drive, a 7-unit multifamily property in West San Jose offered at $2,639,950. The property consists of (7) 1BR/1BA units totaling 3,740 SF on a 6,600 SF parcel, with current monthly contract income of $14,170 and 11.2% upside to market. Recent capital improvements include upgraded electrical, dual-pane windows, and an upgraded secured entrance and gate. Residents enjoy 1:1 on-site parking, on-site laundry, storage units, and security cameras. The property is centrally located in Silicon Valley with convenient access to Highways 280, 880, and 17, just 0.8 miles from the Fruitdale VTA Light Rail Station, and minutes from Downtown Campbell, Santana Row, The Pruneyard, and eBay HQ.
Investment highlights
- List Price $2,639,950 | 4.25%CAP | 15.45 GRM
- 1:1 On-Site Parking | On-Site Laundry | Storage Units | Security Cameras
- 0.8 mi to Fruitdale VTA | 0.3 mi to Santa Clara Valley Medical Center
- Upgraded Electrical
- Dual-Pane Windows
- Upgraded Secured Entrance & Gates
Listing Contacts
Listed by Bos Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,142.00
$9,345.17/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
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