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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 2141 Fruitdale Ave. San Jose, Ca LOCATION: Located in West San Jose near San Jose City College, Valley Medical Center & 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 Great Location CONDITION: This building is in great condition and has been maintained superbly. Nice 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: San Jose 6-Units 2141 Fruitdale Ave. San Jose, Ca 95128 $ 775,000 6 6,800 44 Investment Summary GRM: Cap Rate: Rentable Square Feet: Price Per Square Foot: Price Per Unit: Down Payment: Down Payment %: $ $ $ 11.03 6.05% 3,153 245.80 129,167 232,500 30% Financing Terms Rent Roll & Monthly Scheduled Income Terms: 30-Year ARM @ 4.25% # of Units Amount: Monthly Payment: Seller Carry Terms: Seller Carry Payment: Total Monthly Payment: $ $ $ 542,500 2,670 $ 5% $ $ 28.2352% $ $ $ $ studio studio 1 1 2 2 Bath Rent 1 1 1 1 $ 850 $ 725 $ 864 $ 864 $ 1,350 $ 1,050 70,236 3,512 66,724 19,831 46,893 32,040 14,853 6.39% $ $ $ $ $ $ $ $ $ - 9,688 1,152 2,760 1,440 780 - $ $ $ $ $ $ $ $ - $ 5,703 $ $ $ 150 5,853 70,236 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% 5% $ $ $ $ $ $ $ $ $ 28.2352% $ Monthly Income 850 725 864 864 1,350 1,050 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: Bed $ $ $ $ $ $ 2,670 1 1 1 1 1 1 Monthly Rental Income: 3,512 Other Income: 500 Laundry: Total Monthly Income: 19,831 Gross Annual Sched. 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. 2141 Fruitdale Ave. San Jose Parcel Map ________________________________________________________________________ 2141 Fruitdale Ave. San Jose Neighborhood Map ________________________________________________________________________ 2141 Fruitdale Ave. San Jose Area Map ________________________________________________________________________
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