381 N 13th ST San Jose, CA 95112

Offer Due Date: 5:00 PM ON TUESDAY JUNE 20, 2017. Highest Cap Rate in Santa Clara County. Cap Rate: 5.46% Current, 8.37% Proforma. GRM: 12.66 Current, 9.47 Proforma. 381 North 13th Street is a fourplex located in a desirable neighborhood in San Jose, California. Built in 1910, the subject property is situated on a 5,779 square foot lot, has a gross livable area of 3,142 square feet, and has four large two-bedroom/one-bathroom units. The rents for two units are significantly below market and are eligible for five percent annual rent increases. The two vacant units are painted with hardwood floors, updated cabinets, and granite counters and present the opportunity to achieve top market rents. Additionally, the 1,333 square foot partially finished basement can be rented out as storage for additional income. With two vacant units this property provides the investor the opportunity to achieve tremendous rental income and create significant value.