143 W Reed St

    San Jose, CA 95110
    • $1,600,000
    • STATUS: Active Under Contract
    • ON SITE: 23 days
    • ID#: ML81791821
    Under Contract
    UPDATED: 37 min ago
    $1,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,376
      SQFT
    • $474
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    CASH COW investment ready to sell. 6 unit multi-family, all units are 1 bedroom/1 bath. Property is operating 23% below market rents. A new owner can get a Return on Investment of 7.29% in its current condition, or improve the units and get up to 8.94% Return on Investment. All rents for the units should be at minimum of $2,100 in their current condition. Current Gross Income is $116,400. Pro-Forma Gross at $2,100 rents is $151,200. Lot size is 7,405 sq. ft. and has a building size that is 3,376 sq. ft. All units are kept in good condition and have CENTRAL AC/Heat, double pane windows, pergo flooring, disposals and some upgrades to kitchens. All units have varying materials. Some units have washer/dryer hookups inside the unit, some units have dishwashers, microwaves, trash compactor. Additional income comes from the storage units in the rear of the property. The roof was replaced in 2005 and appears to be in good order.

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    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-06-01T08:48:49.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kulda Real Estate Group | Keller Williams Realty.

    Licensed in the State of California.
    www.kuldagroup.com/homes/105688760

    143 W Reed St San Jose, CA 95110

    • Price: $1,600,000
    • Status: Active Under Contract
    • Updated: 37 min ago
    • ID#: ML81791821
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,376
    SQFT
    $474
    $/SQFT
    1948
    Built
    Neighborhood:
    Central San Jose
    County:
    Santa Clara
    Area:
    Central San Jose
    Property Description
    CASH COW investment ready to sell. 6 unit multi-family, all units are 1 bedroom/1 bath. Property is operating 23% below market rents. A new owner can get a Return on Investment of 7.29% in its current condition, or improve the units and get up to 8.94% Return on Investment. All rents for the units should be at minimum of $2,100 in their current condition. Current Gross Income is $116,400. Pro-Forma Gross at $2,100 rents is $151,200. Lot size is 7,405 sq. ft. and has a building size that is 3,376 sq. ft. All units are kept in good condition and have CENTRAL AC/Heat, double pane windows, pergo flooring, disposals and some upgrades to kitchens. All units have varying materials. Some units have washer/dryer hookups inside the unit, some units have dishwashers, microwaves, trash compactor. Additional income comes from the storage units in the rear of the property. The roof was replaced in 2005 and appears to be in good order.
    Exterior Features

    Construction Type Wood Frame Foundation Concrete Perimeter Garage Parking On Street Number Of Buildings 1 Pool YN No Roof Composition Units In Complex Min 6

    Interior Features

    Additional Rooms Storage Beds Unit1 1 Beds Unit2 1 Cooling Ceiling FanCentral AcCentral Forced Air - Gas Flooring LaminateUnfinishedVinyl / Linoleum Heating Central Forced AirCentral Forced Air - Gas Kitchen Features Cooktop - GasCountertop - FormicaGarbage DisposalMicrowaveOven - GasRefrigeratorTrash Compactor Laundry Washer/Dryer - Some Units Sq Ft Unit1 562 Sq Ft Unit2 562 Structure Sq Ft 3376

    Property Features

    Accessibility Features None Additional Listing Info Not Applicable Amenities High Ceiling City Limits Yes City Name San Jose Communications None Hoa Amenities None Hoa YN No Incorporated No Lot Size Area Maximum 7616.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit1 1520 Rent Unit2 2100 Restrictions None Security Features None Sewer Septic Sewer Connected Sq Ft Source Assessor Status Qualifier Release Clause Present Utilities Individual Electric MetersIndividual Gas Meters Water Public Zoning R4

    © 2020 MLSListings Inc. All rights reserved. Listing provided courtesy of Christian Losness of Losness Investment Real Estate Corp.


    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-06-01T08:48:49.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kulda Real Estate Group | Keller Williams Realty.

    Licensed in the State of California.
     
    The Kulda Real Estate Group | Keller Williams Realty
    200 San Mateo Road #B
    Half Moon Bay CA, 94019