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Listed by Stephen Guzzetti • Intero Real Estate Services
$3,330,000
Est. payment /mo
6,104 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,104 sqft
Price per Sqft $545
MLS Listing ID ML82015519
HOA Y/N No
Year Built 1957
Lot Size 0.310 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Nestled on a quiet cul-de-sac in a prime San Jose rental market, 2041 Beatrice Ct. presents an attractive investment opportunity offering both stability and growth potential. The well-maintained 12-unit complex features: ~6,104 SF of rentable building space, a large ~13,500 SF lot, ample on-site parking and a strong unit mix of ten one-bedroom and two two-bedroom apartments, all of which support steady cash flow and consistent tenant demand. With rents currently below market, there is a clear opportunity to increase net operating income through interior renovations and strategic rent adjustments. Interior Remodeling: 4 complete, 6 partially, 2 none. Recent exterior upgrades, including dual pane windows, remodeled laundry room, pave the way for further value-add enhancements. Ideally located near a city redevelopment zone, the property is well-positioned to benefit from future neighborhood appreciation and infrastructure improvements. Tenants enjoy excellent access to shopping centers, major highways, and public transit, making this an attractive, low-vacancy asset in one of San Jose's most desirable sub-markets. This 12-unit apartment complex offers the perfect blend of current income, future upside, long-term security, location, lot size, unit mix which enhance future growth.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
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