315 North 5th Street, SAN JOSE, CA 95112

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315 North 5th Street, SAN JOSE, CA 95112

(Active Under Contract)

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Listed by: Michael Shields - SiliconValley MultiFamilyGroup

Active Under Contract

est.$1,150,000/month.

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beds. baths. 1,332 Sqft.

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Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

315 North 5th Street, SAN JOSE, CA 95112

$1,150,000

Active Under Contract

est.$1,150,000/month.

Start My Approval

beds baths 1,332 Sq.ft.

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Property details for 315 North 5th Street, SAN JOSE, CA 95112

Downtown San Jose multifamily property presents a value-add opportunity for investors experienced in property renovation and lease-up strategies. The property consists of 5 units, including one 1br/1ba unit and four studios. One of the vacant studio units is rentable in its current condition with limited repairs, while the other two vacant studios require renovation prior to occupancy. While various improvements have been made over the years, the building would be more valuable and command higher rents if the units were renovated and additional capital improvements are made. The building is master-metered for water, sewer, gas, and electricity, all of which are currently paid by the owner. Plumbing consists primarily of galvanized piping. The building includes a large unfinished attic area that may offer development opportunities. The property also contains a substantial basement area with multiple storage rooms. Property includes an on-site washer and dryer for tenant use. Rear parking area accommodates approximately six vehicles. The property is located within Downtown San Jose and provides convenient access to major employment centers, public transportation, retail services, restaurants, entertainment venues, and ongoing redevelopment activity throughout the urban core.

Broker details: SiliconValley MultiFamilyGroup

Listed by: Michael Shields