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Listed by Mitchell Zurich • Marcus & Millichap
$2,090,000
Est. payment /mo
2 Beds
1 Bath
6,704 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,704 sqft
Price per Sqft $311
MLS Listing ID ML82014596
Bedrooms 2
Full Baths 1
Year Built 1924
Lot Size 8,400 Sqft
Property Sub-Type Five or More Units
Property Description
Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley, the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning C
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Covered Parking, Detached Garage
Garage Spaces 3.0
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Restrictions None
Tax ID 259-20-043
Security Features None
Special Listing Condition Not Applicable
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