May 21, 2025 - 🌟 Secure This Turnkey 4-Plex for Just $ 534,000 Down!
🌟 Secure This Turnkey 4-Plex for Just $534,000 Down!
📍450 Lewis Rd | $1,780,000 | Listed by NextHome Axis Realty
Tucked in one of South San Jose’s strongest rental corridors, this fully leased 4-unit multifamily offers immediate upside with all tenants on month-to-month leases and rents ~35% below market.
• Current Income: ~$8,767/mo | Pro Forma: ~$11,280/mo
• Cap Rate: ~5.8% Pro Forma | GRM: 16.9 → ~13.1
• Unit Mix: (4) 2BD / 1BA Units — With Stable, Established Tenants
• Size: 3,328 SF Building | 9,945 SF Lot | Zoned R3H
• Bonus Income: Coin-Op Laundry System
• Parking: 8 Covered Carports + Guest & Street Parking
🔐 Gated Entry | Near 464 Lewis and Additional Apartment Complexes
Just minutes from Capitol Expressway, major employers, and everyday conveniences — this is a rare opportunity to own a cash-flowing asset with built-in equity growth.
📲 DM or visit msluxey.com (Real Estate section) for rent roll, pro forma, and investment breakdowns.
🎯 Open to investors, brokers, and 1031 exchange buyers.
Disclaimer: All financials are based on current data and projections. Buyer to independently verify.
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Contact:
CHESCA MSLUXEY | DRE #02187076
MEGGIE COLLINS | DRE #02229230
📞 (424) 468-3669
📧 chesca@msluxey.com
🌐 msluxey.com — Real Estate section
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