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Listed by Jimmy Castellanos • Marcus & Millichap
$ 2,475,000
Est. payment | /mo
4,386 SqFt
$ 2,475,000
Est. payment | /mo
4,386 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,386 sqft
Price per Sqft $564
MLS Listing ID ML82034411
HOA Y/N No
Year Built 1980
Lot Size 8,833 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Marcus & Millichap is pleased to present 128 E. Reed Street, a well-maintained six-unit multifamily investment located near San Jose State University in the SUN neighborhood. Construction was completed in 1980, and as such, the property is not subject to the City of San Joses rent control ordinance, providing an owner with greater flexibility in rent growth. The property has been thoughtfully updated and showcases a clean, modern aesthetic, with fresh exterior paint, pitched rooflines, and double-pane windows throughout. The property offers a secured, gated entry and a finished parking courtyard with interlocking pavers. The parking configuration includes ten on-site spaces, with seven open stalls and three covered spaces. All units have been fully renovated with modern finishes, and three of the six units feature in-unit laundry, further enhancing tenant appeal.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Laundry Coin Operated
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Broker, REALTOR® | Lic# 00842213 | Lic# 02150745