737 Forestdale AVE Pending Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95116
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,728 sqft
Price per Sqft $540
MLS Listing ID ML81990891
Bedrooms 8
Full Baths 4
Year Built 1962
Lot Size 5,610 Sqft
Property Sub-Type Fourplex
Property Description
Major price improvement due to seller in active 1031 exchange replacement. Very Rare 4 plex with 2 bedroom/1 bath each unit in the heart of San Jose. Unit is spacious and airy with ~700 sq ft each. Good size for family which is hard to find in San Jose. Solid investment w great steady cashflow. Never a problem to rent in this highly desirable location in the heart of San Jose. Units were updated. Recent exterior paint. Very clean with tenant assigned parking in front, and spacious maintenance-free paved back yard. Convenient and easy access to highway, shops, bus station. New public park nearby. Tenants are month to month and easily rentable for 2 spacious bedrooms. Gross rent $110,000+ Current cap rate is 4.75% and 5% by next year which is an amazing cap rate and solid investment, If you are looking for a good solid, clean and worry-free investment, this is it. Golden opportunity for any investor or end user. Please do not disturb tenants. Drive by only. Offer subject to inspection. Do not miss the amazing opportunity to own a solid turnkey investment in the heart of San Jose w high cap rate and return.
Location
State CA
County Santa Clara
Area South San Jose
Zoning R3
Rooms
Kitchen Cooktop - Gas,Countertop - Granite,Exhaust Fan
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Exterior
Parking Features Common Parking Area
Utilities Available Individual Electric Meters,Individual Gas Meters
Roof Type Composition
Building
Story 2
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable