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50 Cleveland Ave
San Jose, CA 95128
Asking Price
$1.75M
Cap Rate
6.09%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 8 Units | $218,750/unit <ul><li>Eight (8) one-bedroom / one-bathroom apartment units</li><li>Exempt from the City of San Jose Apartment Rent Ordinance</li><li>Located in the desirable Burbank neighborhood of unincorporated Santa Clara County</li><li>Excellent access to Santana Row, Valley Fair, Downtown San Jose, and major commute corridors</li><li>Strong Silicon Valley rental demand driven by nearby major tech employers</li><li>Potential for future rental upside through strategic interior and exterior improvemen
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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542
