694 S 2nd ST Active Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95112
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81984079
Year Built 1895
Annual Tax Amount $26,224
Lot Size 8,637 Sqft
Property Description
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CN
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Flat
Schools
School District San Jose Unified
Others
Special Listing Condition Standard