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Listed by Ray Rodriguez, DRE #01999734 • Compass
$ 3,025,000
Est. payment /mo
New
649 S 9th ST San Jose, CA 95112
1 Bed
1 Bath
6,364 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,364 sqft
Price per Sqft $475
MLS Listing ID ML82066425
Bedrooms 1
Full Baths 1
Year Built 1959
Lot Size 9,842 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
One of the Best True Cap Rates you will find in downtown San Jose... Property can be sold together with Neighboring 14 unit building - Due Diligence and Marketing package are both available upon request. 649 S 9th Street is a fully occupied 12-unit building in Downtown San Jose, about two blocks from San Jose State University, with eleven 1BR/1BA units, one 2BR/1BA unit and an assigned carport for every unit. Its offered at $3,025,000 ($252,083 per unit), with a 6.22% current cap rate that rises to 7.11% at market rents, and it can be bought on its own or with 659 S 9th Street as a 26-unit portfolio
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Exterior
Parking Features Assigned Spaces
Garage Spaces 13.0
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Flat / Low Pitch,Foam
Building
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Others
Tax ID 472-24-104
Special Listing Condition Not Applicable
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