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! "# % $" & ' $ ( & "$ " ) * ' $ ++ ( ", - For Additional Information Contact: Bill Harrigan Direct 408-342-3107 [email protected] Rob Ellis Direct 408-342-3120 [email protected] www.incomeproperty1031.com 10 Unit Apartment Building 779 Deland Ave. San Jose, Ca LOCATION: Located in West San Jose near San Jose City College & all the amenities of downtown San Jose. Easy access to major shopping malls, restaurants and Highways 280 & 880. FEATURES AND BENEFITS: Meticulously Maintained & In Great Condition Great Unit Mix Long Term Quality Tenants Solid, Secure Income Stream Easy to Rent & Manage 3Br/2Ba Owner’s Unit with Large Deck Great Location CONDITION: This building is in top condition and has been maintained superbly. New paint & landscaping on a large corner lot makes for great visibility. Property Summary Property Name: Property Address: City, State, Zip: Price: # of Units: Land Size: Age: Villa Corner Apartments 779 Deland Ave. San Jose, Ca 95128 $ 1,370,000 10 12,840 42 Investment Summary GRM: Cap Rate: Rentable Square Feet: Price Per Square Foot: Price Per Unit: Down Payment: Down Payment %: $ $ $ 12.11 5.04% 7,323 187.08 137,000 579,998 42% Financing Terms Rent Roll & Monthly Scheduled Income Terms: 30 Year ARM @ 5.25 # of Units Amount: Monthly Payment: Seller Carry Terms: Seller Carry Payment: Total Monthly Payment: Bed Bath Rent 1 1 1 1 1 1 3 2 2 2 1 1 2 1 1 1 1 1 $ 1,400 $ 1,050 $ 1,050 $ 1,000 $ 825 $ 825 $ $ $ $ $ $ 1,400 1,050 1,050 1,000 825 825 1 1 1 1 1 1 1 1 1 1 1 1 $ $ $ $ $ $ $ $ $ $ $ $ $ 775 775 775 750 - 17,125 5,570 3,500 3,500 2,500 2,300 - $ $ $ $ $ $ $ $ - Monthly Rental Income: 3,393 Other Income: 500 Laundry: Total Monthly Income: 38,388 Gross Annual Sched. Income: $ 9,225 $ $ $ 200 9,425 113,100 $ $ 790,002 4,378 $ 4,378 Annualized Operating Data Scheduled Gross Income: Less Vacancy Factor: Gross Operating Income: Less Expenses: Net Operating Income: Less Loan Payment: Pre-Tax Cash Flow: Cash-On-Cash Return: $ 5% $ $ 33.9416% $ $ $ $ 113,100 5,655 107,445 38,388 69,057 52,536 16,521 2.85% Annualized Expenses New Real Property Taxes: Fire & Hazard Insurance: PG&E: Water & Sewer: Garbage: Landscape: Prof. Full Service Management: Resident Manager: Pool Service: Maintenance & Repair: Miscellaneous: Other: Annual Operating Expense: 0% 3% $ $ $ $ $ $ $ $ $ 33.9416% $ 775 775 775 750 Monthly Income This information has been obtained from sources deemed to be reliable. Neither Intero Commercial nor its agents make any guarantees, implied or otherwise, to its accuracy. Confirm all information. 779 Deland Ave. San Jose, Ca Parcel Map ________________________________________________________________________ 779 Deland Ave. San Jose, Ca City Map ________________________________________________________________________
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