The Multifamily Team of Colliers International is pleased to present the opportunity to acquire 27 Topeka Avenue, a 7-unit Multi-Family apartment building in the highly desirable Burbank neighborhood of San Jose. Constructed in 1953, the property consists of two (2) studios and five (5) one-bedroom/one-bathroom units on a 5,625 square foot lot. The building is composed of a wood-frame construction with a single-ply flat roof and has a gross-livable area of 3,450 square feet. The property has heating, A/C, kitchen, new appliances, an on-site laundry facility that is coin-operated, double pane windows, wall furnace/gas, and individual water heaters. The investment appeal of this asset is driven by San Joses strong employment fundamentals and low vacancy levels.
Individual Electric Meters, Individual Gas Meters
|Price Reduced (from $2,400,000)||$2,250,000||$150,000 (6.25%)|
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