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572 Troy Drive, San Jose, CA

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572 Troy Drive

San Jose, CA 95117-1366 - Northlake MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1960
Stories:2 Building Size:6,070 SF Land Area:.18 AC (7,797 SF)
For Sale Price:$1,771,000 Price/Unit:$295,166.67 Cap Rate:4.36 % GRM:4.98

Parking:.83 Parking Spaces / 1,000 SF

Location Corner: NE

Property Description: Multi Family - 6 Units

Sale Notes:
6 Units in West San Jose near Saratoga and San Tomas Expy. OFFER DUE this Friday, September 30th by 5pm. (1) 3/2 Owners Unit, (1) 2/1, (3) 1/1 and (1) Studio. CURRENTLY HAS 3 VACANCIES. New owner can remodel three units and get them to market rents ASAP. Vacant units are in retable condition, but could use upgrading. Building is in mostly original condition. Lots of upside in rents. Large laundry room and large storage room for owner. All units have additional private storage closets located near parking lot. Some units have walk-in closets. Private garage on the 3/2 unit. Gross Rent of $120,000 assumes vacancies are rented at market value.

The Losness Group
Christian Losness
(408) 288-3500 x1

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