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650 S 8th ST San Jose, CA 95112
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Key Details
Sold Price $4,700,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,769 sqft
Price per Sqft $481
MLS Listing ID ML81958747
Sold Date 06/03/24
Year Built 1958
Lot Size 0.360 Acres
Property Sub-Type Five or More Units
Property Description
PRICED TO SELL!!! 17 Units in Prime San Jose Location! Just Three Blocks from SJSU & a 2 Minute Drive to Downtown San Jose. Incredible In Place Annual Income of $417,528, Positioning the Property at a CURRENT 5.27% CAP Rate! Self Manage and This Property Operates at a Current 5.6% CAP. Excellent Unit mix of (15) 1beds & (2) 2bed Units, 15 of which have been update/remodeled since 2016. Property also Benefits from a New Roof (2019), New Commercial Water Heaters, New Landscaping & Professional Management. Beautiful Curb Appeal. Must See to Appreciate! Property selling for personal reasons. Quick Close/Strong Terms Encouraged. TOUR SCHEDULE: Wednesday, 3/27, 10:30. SATURDAY TOUR: 3/30 CANCELLED, Rescheduling TBD
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Assigned Spaces
Utilities Available Individual Electric Meters
Roof Type Tar and Gravel
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 472-24-006
Security Features None
Special Listing Condition Not Applicable
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Bought with Neel Bhatia • Coldwell Banker Realty
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Ramsin Jacob
Broker | Developer | Investor | NBA Player Agent | License ID: 02003060