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436 S. 6 TH Street San Jose, CA 95112. Brian Raynoha Apartment Property Advisor Cell 408.886.8920 brian@delave.net DRE # 01798711. All Two Bedrooms Upgraded double pane windows. Offering Summary. Price $ 800,000
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436 S. 6TH Street San Jose, CA 95112 Brian Raynoha Apartment Property Advisor Cell 408.886.8920brian@delave.net DRE # 01798711
All Two Bedrooms Upgraded double pane windows
Offering Summary Price $ 800,000 Number of Units 5 Price Per Unit $ 160,000 Price Per SQFT $ 203 CAP Rate 5.62% CAP Rate Market 6.07% GRM 11.11 GRM Pro Forma 10.54 Gross Living Area 3,943 SQFT Lot Size 4,792 SQFT Parking Ratio 1:1 Year Built 1962 APN# 467-48-045 Zoning R-3 Landscape Mature Topography Flat
Next to San Jose State University, restaurants, shopping, and lots of new developments
Stable Tenant Base Practically next door to San Jose State University this turn key well maintained 5-unit apartment complex has spacious 2 bedroom apartments and is located at 436 S. 6th Street. Featuring upgraded windows and a modern looking exterior this property is a great investment. Tower Hall at SJSU
Construction & utility Breakdown Utilities Construction
Unit Mix and Site Description Unit Mix Site Description
Rent Roll June 2010
Notes on Income and Expense Statement • Buyer is advised to conduct his own investigation on the market to establish market rents and vacancy factor. Market Income is not intended to be representation by Seller or Broker • Current income is June 2010 monthly income annualized. The actual Income for 2009 was $ 4,775 Higher (76,799) • Current Expenses are actual 2009 expenses except for: taxes, Management, maintenance and insurance expense • Current Owner manages the building and do not incur a management fee from a 3rd party. The number used for management is an estimate. Buyer should research their cost for managing the property and not rely on this estimate. • New Estimated taxes is the list price multipliedby 1.2074% • Current permit fees were $394.70, some of the expenses in the category were one time not reoccurring expenses. The Occupancy permit fee for 2008 & YTD 20010 are $ 150 • Insurance was quoted by Jerry D. Ross,Willow Glen Insurance Agency408-369-9090Actual Insurance price included other properties. • Current Maintenances for 2009 was $8,728. The vast majority was not maintenance, but capital improvements on the garages and new laundry room. All work done with permits. The actual money spent on maintenance is estimated to be below $ 2,500 • Market numbers include Laundry, The new laundry room has been installed for the tenants. The owner has not installed the machines at this time. • This information is deemed accurate but not guaranteed by broker or Seller.
Contact Information Brian Raynoha M.B.A Apartment Property Advisor Cell 858.869.9290 braynoha@gmail.com DRE # 01798711
This information contained herein is not a substitute for a through due diligence investigation. Brian Raynoha nor the Seller make no warranty with respect to future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical conditions of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenants plans or intentions to continue its occupancy of the subject property. All Potential buyers must take appropriate measures to verify all of the information set forth herein. The information is deemed reliable and accurate, but we make no representations or warranties expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risks for any inaccuracies. Make offers subject to inspection. Please contact Brian Raynoha for more information.