Status: Active
6.10% Current Cap Rate! Completely re-built in 2022! Nestled in the heart of San Jose, 1346 Lick Avenue presents a rare opportunity to acquire a newly built fourplex on a 7,800 square foot lot. Built in 1979 and then rebuilt in 2022, totaling approximately 3,768 square feet, the property offers an ideal unit mix comprising one spacious 3-bedroom/2-bath unit and three well-designed 2-bedroom units. Three of the four units have in-unit washers and dryers. What is especially compelling about this offering is the in-place cap rate over 6%, a rare profile in today's residential income market.