See virtual tour and offering memorandum at www.95North8th.com.

95 North 8th Street is a wonderful eight unit apartment building located two blocks from San Jose State University in the heart of the Silicon Valley. Built in 1953, the subject property is situated on a 6,900 square foot lot and has a gross building area of 4,300 square feet. All units are one-bedroom/one-bath and there is a community laundry room with one commercial washer and dryer. The large lot has eight covered and assigned parking spaces and a spacious lawn with beautiful landscaping. The property has extensive capital improvements including dual pane windows, updated wall heaters and in-unit water heaters, renovated bathrooms, and updated kitchens including counters, appliances, and cabinets.

The subject property is situated near San Jose State University, Downtown San Jose, and Japantown and is a natural choice for students, professors, and working professionals. San Jose State University is an anchor of the Silicon Valley with thousands of graduates feeding into the surrounding technology companies each year. San Jose apartment rents skyrocketed in 2014 and 2015 and are projected to continue on through the end of 2016. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 95 North 8th Street a great opportunity for both the cash flow and appreciation minded investor.

CAP Rate - Current 3.55% / Pro Forma 5.60%

GRM - Current 18.86 /Pro Forma 13.25

Net Operating Income - Current $87,922/ Pro Forma $138,780

Net Cash Flow After Debt Service - Current $22,344 (1.8%)/ Pro Forma $73,202 (5.90%)

Total Return - Current $46,755 (3.77%) / Pro Forma $98,443 (7.94%)