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Address Not Available By Request

San Jose, CA 95116
  • $10,050,000
  • STATUS: Active Under Contract
  • ON SITE: 22 Days
  • ID#: ML81863926
Under Contract
UPDATED: 19 min ago
$10,050,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1961
County:

School Ratings & Info

School District:
Listing Agent(s): Justin Bautista of Newmark Cornish & Carey ((408) 727-9600) and Christopher Shaheen of ()


Description

Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-25T09:31:29.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/129453966
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Address Not Available By Request San Jose, CA 95116

  • Price: $10,050,000
  • Status: Active Under Contract
  • On Site: 22 Days
  • Updated: 19 min ago
  • ID#: ML81863926
0
Beds
0
Baths
0
½ Baths
0.49
Acres
1961
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
San Jose Unified
Property Description
Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.
Exterior Features

Carport Spaces 30 Carport YN Yes Parking Total 0 Roof Foam

Interior Features

Cooling None Cooling YN No Heating Electric Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 814764 Insurance Expense 14888 Listing Agreement Seller Reserved Maintenance Expense 24000 Other Expense 45711 Special Listing Conditions Standard Tax Annual Amount 129584 Trash Expense 15108 Water Source Public Zoning Rm



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-25T09:31:29.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Justin Bautista of Newmark Cornish & Carey ((408) 727-9600) and Christopher Shaheen of ()