497 Leigh Avenue
San Jose, CA 95128
Sq. Feet 6,098
The Thorpe House is one of San Jose's true historic buildings. Originally constructed in 1892, the existing structure provided an opportunity for new ownership to completely renovate and the restore the seven-unit apartment building. The subject property is located at 272 Washington Street just minutes from vibrant downtown San Jose, and over the past several months has had a full structural and building rehabilitation. The unit mix consists of one two-bedroom/one-bath unit, five one-bedroom/one-bath units and one studio, all with unique floor plan layouts. Over 1,175 square feet of additional livable space have been added to the original 2,712 square foot structure for a total living space of over 3,887 square feet. Common area amenities include a brand new coin-op laundry room, seven large private storage spaces in the basement, and seven on-site parking spaces. The units all have 11 foot high ceilings and contain all new 95 percent efficiency heating and A/C units, microwaves, stainless steel refrigerators, high quality sheet-vinyl flooring, and quad-burner gas stoves with overhead ventilation. Additionally, each unit will have a brand new bathroom, carpet, paint and will be complete with high efficiency lighting and toilets.
Cap Rate: 5.09% NOI: $80,162 Livable Sq. Ft: 3,887
Built in 1898 7 units Lot Sq. Ft: 7,627