555 S 2nd St, San Jose, CA 95112

$11,000,000
20,521
SqFt

Property Description

Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 15 units extensively renovated with new kitchen cabinets and countertops, new carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Stabilized GRM/Cap Rate: 14.55 / 4.73%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.

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Courtesy of Intero Real Estate Services, Carlos Padilla.

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