NOT LISTED FOR SALE

1562 Michigan Ave Alviso, CA 95002

8 Beds
6 Baths
3,114 Sq Ft
5,663 Sq Ft Lot

Last Sold May 17, 2012

Last sale price $365,000 $117 Per Sq Ft

66 Days on Market

Highlights

  • Deck
  • Neighborhood Views
  • Forced Air Heating System
  • Don Callejon School Rated A
  • Balcony
  • Laundry Facilities

About This Home

As of May 2012

Great investment opportunity awaits! Large duplex with spacious rooms, attached parking. Needs some work to make it great. 2 unpermitted units, 1 a 2x1, the other a studio and an adjacent area used as an office. Common area laundry area. Near school, convenience store and eateries. Close proximity to freeways, technology & shopping. Bring your contractor.

Last Agent to Sell the Property

David Martz

Intero Real Estate Services License #01227292 Listed on: 02/10/2012

Intero Real Estate Services

Last Buyer's Agent

Lynne Tran

Intero Real Estate Services License #01293229

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1983

Lot Details

  • Level Lot

Parking

  • Private Parking

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,114 Sq Ft Home
  • Vinyl Flooring
  • Neighborhood Views
  • Oven or Range

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $88,800
  • The owner pays for garbage, water

Community Details

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $25,000
  • Other Expense $1,500
  • Utility Expense $8,900
  • Trash Expense $2,200
  • Operating Expense $48,427
  • Gross Income $85,215

Additional Features

  • 3,114 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1983

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 29
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 117.21
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 3114
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1983

Interior Features

  • Kitchen: Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 3114
  • Laundry: Community Facility
  • Flooring: Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: Santa Clara Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5662.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5662.00
  • Lot Size Area Min Search: 5662.00
  • Maximum Lot Size: 5662.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 5.00

Multi Family

  • Expense Insurance: 1500
  • Expense Landscape: 1200
  • Expense Maintenance: 25000
  • Expenses Other: 1500
  • Expenses Total: 48427
  • Expenses Utility: 8900
  • Expense Trash: 2200
  • Expense Water Sewer: 1200
  • Income Annual Gross: 85215.00
  • Income Annual Rental: 88800
  • Income Gross Scheduled: 89700
  • Income Includes: Laundry, Lease
  • Income Laundry: 900
  • Meters: Separate Electric, Separate Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Services - Gardener, Insurance, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric
  • Vacancy Amount: 4485
  • Vacancy Factor: 5

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2012 05/17/12 Sold $365,000 -20.7% $117 / Sq Ft
04/16/2012 04/16/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $460,000 -- $148 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Martz

    Intero Real Estate Services

    Section Image

  • L

    Buyer's Agent in 2012

    Lynne Tran

    Intero Real Estate Services

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81205391

MLSListings
California Santa Clara County Alviso 95002

1562 Michigan Ave, Alviso, CA

This home is located at 1562 Michigan Ave, Alviso, CA 95002 since 10 February 2012. This property was built in 1983. 1562 Michigan Ave is a home located in Santa Clara County with nearby schools including Don Callejon School, George Mayne Elementary School, and Adrian Wilcox High School.

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