694 S 2nd ST Active

San Jose,CA 95112

$ 2250000

1 Bed

1 Bath

3861 SqFt


Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,861 sqft

Price per Sqft $582

MLS Listing ID ML81984079

Bedrooms 1

Full Baths 1

Year Built 1895

Lot Size 8,638 Sqft

Property Description

Two Newly Vacant Units! Holding Vacant For Sale. 694 S 2nd St (the Property) is a two-story multifamily asset built in 1895, situated on a 0.20 acre lot in the heart of the Sofa District and compromised of eleven (11) studio units. Eight (8) of the units have been fully renovated with new kitchen cabinets, laminate wood style flooring, upgraded lighting, new bathrooms, and fresh paint It features coin-operated laundry, dual-pane windows, carports, parking spaces, a common yard, and more.. Earthquake retrofitting has been done. Electric wiring and plumbing have been upgraded. Offered at a very attractive 5.47% cap rate, the property is the lowest barrier to entry in San Jose.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning CN

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Garage Assigned Spaces

Utilities Available Individual Electric Meters,Individual Gas Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Block

Sewer Existing Septic

Water Individual Water Meter

Others

Special Listing Condition Not Applicable

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