649 S 9th ST, San Jose, CA 95112
- $3,025,000
- 6,364
- SqFt
Listing courtesy of Ray Rodriguez from Compass. 650-405-0743
- List Price
- $3,025,000
- MLS#
- ML82066425
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 6,364
- Lot Size
- 9,842
- Listing Area
- Central San Jose
- Year Built
- 1959
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
Additional Information
- Age
- 67
- Building Name
- The Gardens
- Cooling System
- Ceiling Fan
- Foundation
- Crawl Space
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Living Area
- 6,364
- Lot Size
- 9,842
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Flat / Low Pitch, Foam
- Sewer
- Sewer - Public
- Special Features
- Other
- Unincorporated Yn
- Yes
- Zoning
- RM
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