381 N 13th ST SAN JOSE, CA 95112

Beds: 0
Sq Ft: 3142
Type: Residential Income (2-4 units)
MLS#: ML81654991
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Estimated Monthly Payment

Interest Rate %
Down Payment
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15 year
30 year

Offer Due Date: 5:00 PM ON TUESDAY JUNE 20, 2017. Highest Cap Rate in Santa Clara County. Cap Rate: 5.46% Current, 8.37% Proforma. GRM: 12.66 Current, 9.47 Proforma. 381 North 13th Street is a fourplex located in a desirable neighborhood in San Jose, California. Built in 1910, the subject property is situated on a 5,779 square foot lot, has a gross livable area of 3,142 square feet, and has four large two-bedroom/one-bathroom units. The rents for two units are significantly below market and are eligible for five percent annual rent increases. The two vacant units are painted with hardwood floors, updated cabinets, and granite counters and present the opportunity to achieve top market rents. Additionally, the 1,333 square foot partially finished basement can be rented out as storage for additional income. With two vacant units this property provides the investor the opportunity to achieve tremendous rental income and create significant value.

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DescriptionInterior & Exterior Features

Interior Features Include:

Laundry None
Additional Rooms Basement - Finished
Kitchen Cooktop - Gas

Air Cond: None

Heating: Gas, Wall Furnace

Floor Type: Hardwood, Tile

Exterior Features Include:

Horse Property No
Yard/Grounds Low Maintenance

Acreage: 0.1327 Acres

Acres 0.1327, Grade - Level, Paved

Roof: Bitumen, Rolled Composition

Foundation Concrete Perimeter and Slab, Wood Frame

Garage/Parking: Assigned Spaces, Off-Street Parking, Room for Oversized Vehicle, Uncovered Parking

Other Features Include:

Amenities: High Ceiling

Water: Individual Water Meter

Sewer: Sewer - Public

Pool Y/N 0

Parking Spaces 8
View Downtown
Utilities Individual Electric Meters, Individual Gas Meters
Accessibility Features None
Unit 1 Sq. Feet 764
Unit 1 Bedrooms 2
Unit 2 Sq. Feet 719
Unit 2 Bedrooms 2
Unit 3 Sq. Feet 701
unit 3 Bedrooms 2
Unit 4 Sq. Feet 703
Unite 4 Bedrooms 2
Units 4
Buildings 1

This Listing is Presented By

Lehr Real Estate

Work: (650) 595-5500

Email: info@lehrrealestate.com

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