2005-2007 Cirone Way - Apartments FOR SALE


San Jose, CA 95124- Cambrian Community
$1,550,000 USD
408-438-0969
2005-2007 Cirone Way, San Jose, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/34
null | 3.93% Cap Rate

2005-2007 Cirone Way
San Jose, CA 95124
Cambrian Community


HIGHLIGHTS

  • Great investment opportunity nestled in top San Jose neighborhood
  • Owner-occupancy potential in great rental market
  • Desirable Unit Mix: 1 (2BD/1BA) and 1 (2BD/1.5BA)
  • Beautifully remodeled with high-end finishes and significant upgrades
  • Features in-unit washer/dryer, garages, private yards, dishwashers, microwaves, and formal dining areas
  • Short drive from Downtown Campbell, and the Pruneyard

OVERVIEW

Magnify is pleased to present the opportunity to acquire 2005-2007 Cirone Way, a premium two-unit investment property nestled in a top San Jose neighborhood. Constructed in 1959, this rare asset has an appealing unit mix with two single-story 2BD/1BAs on a large 7,150 sq ft lot. The units have been beautifully remodeled with premium single family home finishes. The property has seen significant upgrades, including renovated bathrooms, new flooring, new cabinets and stone countertops, modified water supply and drainage pumps, electrical upgrades, and more. Amenities include in-unit washer/dryer, garages, private yards, dishwashers, microwaves, and formal dining areas. This is the perfect opportunity to live in one unit and rent the other in an area where homes and duplexes can exceed $2M+. The property is located in one of the most desirable neighborhoods of Silicon Valley near the border of Los Gatos and is just a short drive from Downtown Campbell and the Pruneyard. Additionally, it features easy access to Highway 85 and Highway 17 and is close to top tech employers including eBay and Netflix.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$962 USD /SF

# OF UNITS

2

PRICE/UNIT

$775,000

CAP RATE

3.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2005-2007 Cirone Way, Duplex in San Jose

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,150 SF

ZONING

-

APN/PARCEL ID

414-12-018

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.