Well maintained 20 unit apartment building located in Downtown San Jose, 2 blocks from San Jose State University. 13 units are two-bedroom, one-bath and 7 units are one-bed one-bath units. All units are fully rented at near market rates. The opportunity exists to increase rents-Subject to San Jose Apartment Rental Ordinance. Average rent for the 2/2 units is $2,157 and $1,586 for the 1/1 units. The building also has an on-site laundry facility which generates additional income. 19 of the units have been renovated with granite counters, cabinetry, appliances, bathrooms vanities, toilets and tubs where needed, laminate flooring, and double-pane windows. Built in 1963, Garden Style architecture, wood frame with stucco siding and a concrete foundation. 18 covered and 4 uncovered parking spaces on-site, additional parking on street. Close to planned Google campus, Adobe building expansion, and a multitude of other up and coming developments in San Jose.
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