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    30 N 13th Street

    San Jose, CA 95112
    • $5,300,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: ML81809461
    Price Reduced
    UPDATED: 204 min ago
    $5,300,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    $200,000 PRICE REDUCTION. HUGE UPSIDE ON THIS ALREADY WELL PERFORMING ASSET. 30 North 13th St. is a quiet apartment building featuring (18) 1 bedroom / 1 bath units and (1) office or storage unit. Tenant base is Blue Collar and Retirees. No issues with rent collection during the pandemic. Current Scheduled Income is $350,000; Market Scheduled Income is $435,000. Rents currently 19% below market. The property has a large and colorful garden courtyard that is cared for by the tenants. Most of the units have been renovated in the last three years. The units themselves feature newer pergo flooring and upgraded to kitchens and bathrooms. Covered parking and storage for tenants is available in the back of the building and requires remote control entry for security. The roof is shake and the plumbing is galvanized. All windows are double pane and the units are easy to rent. Safe investment during Covid-19 as tenants need to physically be present at their jobs or are retired. No students.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-21T23:40:49.737.

    www.lucasgphomes.com/homes/109750196
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    30 N 13th Street San Jose, CA 95112

    • Price: $5,300,000
    • Status: Active
    • Updated: 204 min ago
    • ID#: ML81809461
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    1958
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Clara
    Area:
    All Other Counties/States
    Property Description
    $200,000 PRICE REDUCTION. HUGE UPSIDE ON THIS ALREADY WELL PERFORMING ASSET. 30 North 13th St. is a quiet apartment building featuring (18) 1 bedroom / 1 bath units and (1) office or storage unit. Tenant base is Blue Collar and Retirees. No issues with rent collection during the pandemic. Current Scheduled Income is $350,000; Market Scheduled Income is $435,000. Rents currently 19% below market. The property has a large and colorful garden courtyard that is cared for by the tenants. Most of the units have been renovated in the last three years. The units themselves feature newer pergo flooring and upgraded to kitchens and bathrooms. Covered parking and storage for tenants is available in the back of the building and requires remote control entry for security. The roof is shake and the plumbing is galvanized. All windows are double pane and the units are easy to rent. Safe investment during Covid-19 as tenants need to physically be present at their jobs or are retired. No students.
    Exterior Features

    Parking Description Covered Parking Parking Spaces Total 0

    Interior Features

    All Units Have Refrigerator Bedrooms Unit1 1 Cooling None Flooring LaminateTile Heating Wall Furnace Some Units Have Updated BathsUpdated Kitchen

    Property Features

    Annual Gross Sched Income 350016 Annual Taxes 68966 Annual Utility Expense 17280 Building Type Other City Transfer Tax Yes Hoa YN No Net Operating Income 215841 Operating Expenses ElectricMaintenance/RepairUtilitiesVacancy FactorWater Rent Unit1 1274 Tenant Pays ElectricGas Tot Bldg Sq Ft 9464 Water Sewer Water - Public Zoning C

    Listing courtesy of Christian Losness of .


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-21T23:40:49.737.

     
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