Listed by Colliers - San Francisco - Pleasanton, California
$1,198,000
641 N 13th Street
Details
APN 249-33-026
Property Type Retail, Multifamily
Sub Type Storefront, Apartment Building
Square Footage 2,170
Units 3
Cap Rate 6.81%
NOI $81,600
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 6.86%
Pro-Forma NOI $82,200
Price per SqFt $552
Year Built 1948
Year Renovated 1960
Buildings 2
Stories 1
Lot Size (SqFt) 5,750
Zoning MUC Zoning - Uses cases Found Here SJMC 20.55.203
Investment Type Value Add
Ground Lease No
Retail | 6.81% CAP | 2,170 SqFt
Marketing description
Ground floor salon occupied, income producing from day one. Two residential units in back - one occupied, one vacant with immediate lease-up potential. Three separate addresses: 641, 641A & 643 N 13th Street. Steps from SJSU, SAP Center, Caltrain & VTA light rail. Downtown San Jose is one of the Bay Area's tightest rental markets with rents rising year over year. Ideal for owner-user, investor, or live/work buyer.
Investment highlights
- Ground floor salon occupied, income producing from day one
- Two residential units in back - one occupied, one vacant with immediate lease-up potential
- Three separate addresses: 641, 641A & 643 N 13th Street
- Steps from SJSU, SAP Center, Caltrain & VTA light rail
- Downtown San Jose is one of the Bay Area's tightest rental markets with rents rising year over year
- Ideal for owner-user, investor, or live/work buyer
Listing Contacts
Listed by Colliers - San Francisco - Pleasanton, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,600.00
$6,800.00/mo
Valuation Metrics
0
DSCR
6.81%
Cap Rate
6.81%
ROI
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