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listing
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CommercialSold
List Price $10,500,000
Sold Price $9,600,000
555-569 South 2nd Street
San Jose, CA 95112
Listed by: Carlos Padilla from Intero Real Estate Services, 408-887-6420
MLS: MLSListings
Est. Mortgage
$54,299/mo

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. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. 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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Based on information from the MLSListings MLS as of 03/28/2024 10:01 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information courtesy of Intero Real Estate Services is subject to verification and is not guaranteed.
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