$4,700,000
$5,185,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
0.36 Acres Lot
SOLD DATE : 06/03/2024
Key Details
Sold Price $4,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81958747
Sold Date 06/03/24
HOA Y/N No
Year Built 1958
Annual Tax Amount $57,289
Lot Size 0.360 Acres
Property Description
PRICED TO SELL!!! 17 Units in Prime San Jose Location! Just Three Blocks from SJSU & a 2 Minute Drive to Downtown San Jose. Incredible In Place Annual Income of $417,528, Positioning the Property at a CURRENT 5.27% CAP Rate! Self Manage and This Property Operates at a Current 5.6% CAP. Excellent Unit mix of (15) 1beds & (2) 2bed Units, 15 of which have been update/remodeled since 2016. Property also Benefits from a New Roof (2019), New Commercial Water Heaters, New Landscaping & Professional Management. Beautiful Curb Appeal. Must See to Appreciate! Property selling for personal reasons. Quick Close/Strong Terms Encouraged. TOUR SCHEDULE: Wednesday, 3/27, 10:30. SATURDAY TOUR: 3/30 CANCELLED, Rescheduling TBD
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 17
Roof Type Tar/Gravel
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 47224006
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Neel Bhatia • Coldwell Banker Realty
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "