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Address Not Available By Request

San Jose, CA 95117
  • $2,450,000
  • STATUS: Closed
  • ON SITE: 32 Days
  • ID#: ML81886645
Sold - 07/05/2022
$2,450,000
SOLD - 07/05/2022
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

School District:
Listing Agent(s): Justin Bautista of Newmark Cornish & Carey ((408) 727-9600)


Description

1124 Roewill offers an excellent opportunity to acquire an apartment building with strong in-place rents. (8) 1 bedroom / 1 bathroom apartments. Dual paned windows. (2) Recently upgraded apartments. (2) Apartments with spacious private patios. Priced $75K below property recently sold apartment at 1096 Roewill. 1124 Roewill has larger square footage, same unit mix, and more monthly income. Attractive financing available with interest only payments. 5% Cap Rate on easily achievable market''''''''''' rents.

Sold by Stephen Guzzetti of Intero Real Estate Services.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-06T00:29:40.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
www.laffinsrealestate.com/homes/129456911
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Address Not Available By Request San Jose, CA 95117

  • Price: $2,450,000
  • Status: Closed
  • On Site: 32 Days
  • Updated: 231 min ago
  • ID#: ML81886645
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1960
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
Other
Property Description
1124 Roewill offers an excellent opportunity to acquire an apartment building with strong in-place rents. (8) 1 bedroom / 1 bathroom apartments. Dual paned windows. (2) Recently upgraded apartments. (2) Apartments with spacious private patios. Priced $75K below property recently sold apartment at 1096 Roewill. 1124 Roewill has larger square footage, same unit mix, and more monthly income. Attractive financing available with interest only payments. 5% Cap Rate on easily achievable market''''''''''' rents.
Exterior Features

Carport Spaces 7 Carport YN Yes Parking Total 1

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Buyer Financing Conventional Gross Scheduled Income 170868 Insurance Expense 1920 Listing Agreement Seller Reserved Maintenance Expense 5600 Other Expense 5090 Special Listing Conditions Standard Tax Annual Amount 33676 Trash Expense 2470 Water Source Public Zoning Rm



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-06T00:29:40.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
 
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Remax of Chico - The Laffins Real Estate Team
1834 Mangrove Ave
Chico CA, 95926
Listing Agent(s): Justin Bautista of Newmark Cornish & Carey ((408) 727-9600)