555-569 South 2nd Street
$9,600,000
—
20,521
20,521
$468
Sold 4/21/22
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Description
Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. New laundry room in process...Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.
- Listed by Carlos Padilla • DRE #01342889 • Brokerage DRE #01354442 • Intero Real Estate Services • 408-887-6420
- Listed by Jim Mcarthur • DRE #01766468 • Brokerage DRE #01354442 • Intero Real Estate Services
Property Details for 555-569 South 2nd Street
MLS City Name
SAN JOSE
Building TypeOther
Complex NameMetro Walk
Garage Spaces0
Parking Spaces0
Cross StreetWilliam Street
LISTING UPDATED: 04/21/2022 12:30 PM
Property Details for 555-569 South 2nd Street
Status | Sold |
---|---|
MLS # | ML81824753 |
Days on Compass | 163 |
Taxes | $122,325 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family 5+ |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1928 |
Lot Size | 0.33 AC / 14,474 SF |
County | Santa Clara County |
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Building Information for 555-569 South 2nd Street
Stories-Residences-Year Built1928Building Size-Lot Size0.33 AC / 14,474 SF
Property Information for 555-569 South 2nd Street
Property History for 555-569 South 2nd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 555-569 South 2nd Street
This home is within San Jose Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Gardner Elementary School PublicK to 5 | ||
Herbert Hoover Middle School Public6 to 8 | ||
Abraham Lincoln High School Public9 to 12 | ||
Downtown College Preparatory Middle Charter5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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