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641 North 13th Street
San Jose, CA 95112
Asking Price
$1.20M
Cap Rate
6.81%
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 6.81% CAP | 2,170 SqFt <ul><li>Ground floor salon occupied, income producing from day one</li><li>Two residential units in back - one occupied, one vacant with immediate lease-up potential</li><li>Three separate addresses: 641, 641A & 643 N 13th Street</li><li>Steps from SJSU, SAP Center, Caltrain & VTA light rail</li><li>Downtown San Jose is one of the Bay Area's tightest rental markets with rents rising year over year</li><li>Ideal for owner-user, investor, or live/work buyer</li></ul>
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NOI
$80,000
Cap Rate
6.68%
DSCR
1.12
Tight
Cash-on-Cash
2.47%
Monthly Payment
$5,927.05
Annual Cash Flow
$8,875.396
