544-550 S 6th ST, San Jose (95112)
$4,250,000
0 
0
7,970
PROPERTY DETAILS
| Address: |
view address San Jose, CA 95112 Map Location |
Bedrooms: | 0 |
|---|---|---|---|
| Square Feet: | 7,970 sq.ft. | Lot Size: | 0.27 acres |
| Year Built: | 1969 | Property Type: | Five or More Units |
| County: | Santa Clara | List Date: | 2024-04-22 |
| Listing Number: | ML81962458 | Listed By: | Marcus & Millichap |
PROPERTY DESCRIPTION
First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten units, including new stainless steel appliances, LVT flooring, quartz countertops, LED lighting, and washer & dryers in Nine (9) units. The exterior has also gone through major upgrades including new stucco, wood siding, stacked stone, and all new dual pane windows throughout. There is an attractive $2,070,000 fixed assumable loan at 3.80% interest through June 2030, that re-adjusts to 5.00% interest through June 2040. The note calls for interest only payments through June 2040, allowing for maximum cash flow during the Sixteen (16) years remaining on the existing note. The loan must be assumed and subject to lender approval.
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Interior
| Natural Gas Heat: | Yes | Washer: | Yes |
Exterior
| Composition Roof: | Yes | Living Square Feet: | 7,970.00 |
| Off Street Parking: | Yes | Parking Spaces: | 15.00 |
Property and Lot Details
| Lot Acres: | 0.27 | Lot Size: | 11,868.00 |
| Lot Zoned: | RM | Public Sewer: | Yes |
| Transaction Type: | Sale | Year Built: | 1969 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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