520 Madera Avenue San Jose, CA 95112
Sale
$1,595,000
Units
Beds
Baths
8,712 Area(sq.ft.)
8,712 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 81956942ML |
| Days On Market: | 35 |
| County: | Santa Clara |
| Property Type: | Residential Income |
| Price per ft2: | $ 183 |
| Year Built: | 1922 |
Property Details
520 Madera Ave is a 4-unit property consisting of two separate buildings (1) 3 bed 1.5 bath (1) 2 bed 1 bath (2) 1 bed 1 bath units, with record low vacancy rates over the years with long-term tenants. This property is professionally managed by a local property management company with over 20 years of experience, fully rented with competent rents in a strong rental market with some room to improve. The property is with proximity to many new developments in the area, with easy access to Freeway 101 North and South, and the interstate 880, making it simple and convenient for the daily commuter. Close proximity to san Jose State University, and SJC Airport. San Jose is home to many companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. The property provides its tenants with washer and dryer hook-ups, for their convenience if they choose to provide their own. Most of the tenants are long-term and have month-to-month leases. ThInterested in this Listing?
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Income Details
| Cap Rate: | 3.28% |
| Gross Rent Multiplier: | 16.25 |
Structure
| Security Features: | Other |
| Sewer: | Sewer - Private |
| Water: | Mutual Water Source |
Land & Parking
| Zoning: | LI |
| Parking Garage: | Assigned, Off-Street Parking |
Interior
| AC/Cooling: | Other |
| Heating: | Wall |
Exterior
| Roof: | Flat, Shake, Shingle, Wood |
Detailed Map
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Income
