Two Newly Vacant Units! Holding Vacant For Sale. 694 S 2nd St (the Property) is a two-story multifamily asset built in 1895, situated on a 0.20 acre lot in the heart of the Sofa District and compromised of eleven (11) studio units. Eight (8) of the units have been fully renovated with new kitchen cabinets, laminate wood style flooring, upgraded lighting, new bathrooms, and fresh paint It features coin-operated laundry, dual-pane windows, carports, parking spaces, a common yard, and more.. Earthquake retrofitting has been done. Electric wiring and plumbing have been upgraded. Offered at a very attractive 5.47% cap rate, the property is the lowest barrier to entry in San Jose.
Property Details
Price:
$2,250,000
MLS #:
ML81984079
Status:
Active
Baths:
0
Address:
694 S 2nd Street
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Oct 17, 2024
State:
CA
ZIP:
95112
Year Built:
1895
Schools
Interior
Cooling
Central Air
Heating
Central
Exterior
Parking Spots
8.00
Roof
Flat
Financial
Map
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Courtesy of Jefrey Henderson, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 694 S 2nd Street
San Jose, CA
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