$7,500,000
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0.49 Acres Lot
SOLD DATE : 02/17/2023
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81907801
Sold Date 02/17/23
HOA Y/N No
Year Built 1961
Annual Tax Amount $97,052
Lot Size 0.493 Acres
Property Description
Incredible opportunity in Downtown San Jose. Fantastic unit mix of (30) 2 bedroom / 1 bathroom townhouses. Spacious units - 993 SF each with private balconies. Individual hot water heaters. Strong in-place rents with upside potential. Only $252/SF. Current GRM of 8.98 and Current Cap Rate of 7.37%. Terrific 1031 exchange opportunity - sellers are willing to wait to.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Carport Spaces 30
Roof Type Foam
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46730018
Financing Cash
Special Listing Condition Standard
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Bought with Justin Bautista Newmark Cornish & Carey
