635 S 11th Street
635 S 11th Street San Jose, California 95112 United States

$6,550,000
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Listing Courtesy of SiliconValley MultiFamilyGroup
$6,550,000
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15,306 Sq Ft.
Interior
13,068 Acres
Exterior
Commercial
Property type
1963
Year Built
ML81889377
Web Id
ML81889377
MLS ID
San Jose Unified
School District
21
days ago

About 635 S 11th Street

Well maintained 20 unit apartment building in Downtown San Jose, 2 blocks from San Jose State University. 13, 2BD/1BA units & 7, 1BD/1BA units. Units are at or near market rates. Opportunity exists to increase rents. (Subject to San Jose ARO). Income for 2022 is projected to be $439,201 and at market level the building should generate $530,400 annual income. Average rent for the 2BD/1BA units is $1,943 and $1,605 for the 1BD/1BA units. Average rents for a comparable 2BED unit in the area is $2,350 and $1,950 for a 1BED unit. On-site laundry facility generates additional income of $1,300 annually. All of the units have been renovated including: kitchens & baths, laminate flooring, and double-pane windows. Built in 1963, classic three-story, walk-up, Garden Style. 18 "tuck-under" parking spaces and 4 uncovered spaces on-site. Tenants pay gas, electric, phone & cable. Owner pays water & sewer, trash and common area utilities. Very strong rental area.

Listing Courtesy of Michael Shields , SiliconValley MultiFamilyGroup

Amenities

  • Refrigerator

PROPERTY INFORMATION

Appliances
Refrigerator
Heating
Wall Furnace
Parking Description
Assigned
Water
Public

EXTERIOR

Roofing
Composition Shingles

INTERIOR

Flooring
Laminate
Listing Courtesy of SiliconValley MultiFamilyGroup
Listing Courtesy of SiliconValley MultiFamilyGroup
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