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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
________________________________________________________________________