OVER A 5% CAP RATE! NEW ROOF in 2019. 14-unit apartment building downtown San Jose two blocks from SJSU. The property consists of 12 studio units and 2, one-bed/one-bath units. Over the last 5 years, the property has been extensively renovated both on the interior and exterior. Interior improvements in most units include luxury vinyl tile flooring and upgraded light fixtures throughout, new counters, cabinets and appliances in the kitchen, mirrored closet doors, two-tone paint, new toilets, bath surrounds, vanities and plumbing fixtures in the bathroom. Exterior improvements include a striking new paint scheme, IPE hardwood accents, new signage, handrails, dual pane windows and increased on-site parking.
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