2178 Monticello Ave - Multi-Family FOR SALE


San Jose, CA 95125
$1,340,000 USD
831-206-8405
2178 Monticello Ave, San Jose, CA for Sale
$1,340,000 USD
Multi-Family - FOR SALE
1/23
null | 3.5% Cap Rate

2178 Monticello Ave
San Jose, CA 95125


HIGHLIGHTS

  • Near major highways
  • Near downtown San Jose
  • Near tech centers

OVERVIEW

Best bargain on the market! The original three bedroom one bath single family house with an attached two car tandem garage was then converted to a two bedroom two bath home with one car attached garage. Two 1 bedroom, 1 bath units were completed after, bringing total sq -ft to 2,206 on a 6,534 sq ft lot. The 2 bed/2 bath with attached garage (Unit A) features partial hardwood flooring, a private yard and is currently rented for $2k/Mo per month. Unit B (1bed/1 bath) was recently renovated including new interior paint, new dual pane windows, new flooring, new granite countertops, new sink, new cabinets, new stove, & fridge. Bathroom renovations includes new toilet/vanity/tub refinish, new ceiling fans, along with a new front door, new washer/dryer. Rent for this unit is $2k/mo. Unit C is a 1 bed/1 bath apartment that is rented for $1.8k All units have room for rent growth. All units have in-unit washer dryer, A/C, newer water heaters, and private outdoor space. Located near major HWYS, tech centers, DTSJ, & Plant Shopping Center.

FOR SALE DETAILS

PRICE

$1,340,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

3

PRICE/UNIT

$446,667

CAP RATE

3.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute Bargain Income Triplex! Hurry Fast

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

455-06-041

ASK ABOUT THIS PROPERTY

Mike DiazElite RealtyMore Info
831-206-8405

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Mike DiazElite RealtyMore Info
831-206-8405

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