407 Raymond Ave - Multi-Family FOR SALE


San Jose, CA 95128- Burbank
$1,425,000 USD
408-665-9391
407 Raymond Ave, San Jose, CA for Sale
$1,425,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

407 Raymond Ave
San Jose, CA 95128
Burbank


HIGHLIGHTS

  • Traditional Duplex
  • Value Add
  • Under Market Rents
  • Rare Features

OVERVIEW

Property Summary: This 2-unit residential property features mirrored units boasting unique features such as private laundry closets for each unit, private entrances, private and secluded patios, 2 car covered carport and an abundance of parking. Each unit is approximately 1,040 Sqft. Each unit features kitchen, living room and patio 1st floor, 2 bedrooms, 1 full bath 2nd floor. Current Condition: The interior of the units has not been updated recently. Both units need updating. Location Overview: Prime location is just 2 minutes from Hwy 280 and 4 minutes from Hwy 880. Just 5 minutes from Westfield Valley Fair! Current Occupancy: Both units are currently occupied at $1,800 per month. Call for details DO NOT DISTURB TENANTS

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$685 USD /SF

# OF UNITS

2

PRICE/UNIT

$712,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

277-08-045

ASK ABOUT THIS PROPERTY

Christian RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-665-9391

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Christian RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-665-9391

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