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$ 1,750,000
Est. payment | /mo
4 Beds
3,122 SqFt
$ 1,750,000
Est. payment | /mo
4 Beds
3,122 SqFt
Open House
Sat Jul 25, 11:00am - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,122 sqft
Price per Sqft $560
MLS Listing ID ML82055127
Bedrooms 4
HOA Y/N No
Year Built 1990
Lot Size 7,797 Sqft
Property Sub-Type Quadruplex
Property Description
Marcus & Millichap is proud to present 45 S. 22nd Street, a newly 1990 built residential multifamily complex in downtown San Jose, CA. This turnkey Silicon Valley fourplex delivers a 6%+ pro-forma cap rate with exemption from the local Rent Ordinance of 5% maximum increase. A proven floor plan comprises four spacious 1-bedroom, 1-bathroom units (averaging ~780 sq. ft.) featuring an identical, highly functional layouttwo units on the ground floor and two on the upper level boasting with natural light. Premium turnkey interiors fully remodeled within the last 9 years, units boast durable tile flooring, new window's in half the units, sleek granite kitchen countertops, and a complete appliance package including a stove, refrigerator, and dishwasher. In-demand tenant amenities, each unit designed for independent living with its own dedicated water heater, private laundry hook-ups, soaring high ceilings, and abundant natural light. The outdoor living offers an enjoyable premium double-patio layout (one large, one secondary), well-manicured common areas, and dedicated on site parking located safely in the rear.
Location
State CA
County Santa Clara
Zoning RM
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District San Jose Unified
Others
Tax ID 46731046

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Listed by Cassandra Smillie Wyckoff • Marcus & Millichap
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