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In-PersonVirtual Tour
$3,025,000
Est. payment /mo
6,364 SqFt
Open House
Fri Nov 06, 3:30pm - 5:00pm
Mon Nov 09, 3:00pm - 4:30pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,364 sqft
Price per Sqft $475
MLS Listing ID ML82066425
HOA Y/N No
Year Built 1959
Lot Size 9,842 Sqft
Property Sub-Type Other
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
Zoning RM
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Handicap Access Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 47224104
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Listed by Ray Rodriguez • Compass
NEARBY SCHOOL & BUSINESS
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