242 S 10th ST new Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95112
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,892 sqft
Price per Sqft $427
MLS Listing ID ML81994832
Bedrooms 2
Full Baths 1
Half Baths 1
Year Built 1982
Lot Size 2,874 Sqft
Property Sub-Type Five or More Units
Property Description
Compass Commercial is pleased to announce the exclusive listing of 242 S. 10th Street, a rare opportunity to own a well-maintained six-unit multifamily property in the heart of Downtown San Jose, directly across from San Jose State University. Built in 1982, this fully leased multifamily investment boasts six (6) individually parceled two-story townhome style 2-Bedroom/1.5-+Bath townhomes spanning 982 sq. ft. each. Each unit has a private 2-car or 1 car garage, in-unit washer/dryer, central forced heating system, and private upstairs deck off of the primary bedroom. This property offers strong cash flow with a current 5.82% cap rate, and tenants pay their own utilities, including water and PG&E. Recent capital improvements include exterior paint in 2021, a new asphalt driveway in 2023, termite tenting in 2018, and a complete roof replacement in 2011. Located just steps from SJSU and surrounded by downtown amenities, dining, entertainment, and major transportation corridors, this property is positioned for strong income on day one, long-term rental demand and appreciation.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Interior
Heating Central Forced Air - Gas
Cooling Ceiling Fan
Exterior
Parking Features Attached Garage,Off-Street Parking,Parking Area
Garage Spaces 10.0
Utilities Available Individual Electric Meters,Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public,Sewer Connected
Water Public
Others
Restrictions None
Tax ID 467-42-110
Security Features Video / Audio System
Special Listing Condition Not Applicable