2870 Joseph Ave - Multi-Family FOR SALE


San Jose, CA 95124
$1,775,000 USD
408-639-8362
2870 Joseph Ave, San Jose, CA for Sale
$1,775,000 USD
Multi-Family - FOR SALE
1/14
null | 4.3% Cap Rate

2870 Joseph Ave
San Jose, CA 95124


HIGHLIGHTS

  • Recent exterior paint refresh
  • All units have been updated within the past 10 years
  • Large lot that may allow development for additional units (Buyer to confirm)
  • Parking lot resurfaced in 2020

OVERVIEW

Nestled in the vibrant city of San Jose, this spacious 4-Plex offers a living area of approximately 2,992 square feet on a generous 9,100 square foot lot. The well-appointed kitchens feature granite countertops, a dishwasher, exhaust fan, garbage disposal, hood over range, microwave, gas oven range, and refrigerator, making meal preparation a delight. The units are equipped with various types of durable flooring, including laminate, stone, tile, and vinyl/linoleum, catering to different aesthetic tastes and functional needs. A cozy floor plan adds warmth and charm to the living space, creating a perfect ambiance for relaxation. Laundry facilities are setup for app-based use as a convenience for the tenants. Although there is no garage, the property offers ample space for parking and storage solutions with up to (3) assigned spaces per unit. The property falls within the Cambrian Elementary School District. Heating is provided by a wall furnace, and there is no cooling system installed. This property is a great opportunity for investors looking in San Jose with easy access to essential amenities.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$593 USD /SF

# OF UNITS

4

PRICE/UNIT

$443,750

CAP RATE

4.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,100 SF

ZONING

RM

APN/PARCEL ID

414-05-006

ASK ABOUT THIS PROPERTY

Roger D. CummingsLazy River RealtyMore Info
408-639-8362

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Roger D. CummingsLazy River RealtyMore Info
408-639-8362

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.