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$2,995,000
Est. payment /mo
5,561 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 5,561 sqft
Price per Sqft $538
MLS Listing ID ML82066436
HOA Y/N No
Year Built 1957
Lot Size 6,900 Sqft
Property Sub-Type Other
Property Description
**MArketing Package and Due Diligence Available upon Request** Property Can be sold together with Neighboring 12 unit Building. 659 S 9th Street is a fully occupied 14-unit building in Downtown San Jose, about two blocks from San Jose State University, with twelve studios, two 1BR/1BA units and an assigned tuck-under parking space for every unit. Its offered at $2,995,000 ($213,929 per unit), with a 6.48% current cap rate that rises to 7.14% at market rents, and it can be bought on its own or with 649 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 47224018
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Listed by Ray Rodriguez • Compass
NEARBY SCHOOL & BUSINESS
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Eric & Janelle Boyenga
Realtors DRE01254724 / 01254725
Realtors DRE01254724 / 01254725