617 S 9th St for sale in San Jose, California

$3,175,000

North of a 5% cap rate on actual, in-place rents. 14 units located two blocks from San Jose State University. About half of the units have been extensively renovated with new kitchens, bathrooms, flooring and fixtures. High demand for apartments in the area. Property is comprised of two - one bed/one bath units and 12 studios. Units are easy to rent and maintain. Property will be undergoing some improvements over the next two weeks.

Details
Property Class: Commercial Multi-Residential
Type: Five or More Units
Listing Status: Active
City: San Jose
Area: -
County: Santa Clara
State: CA
Property Sub Type Descr: Five or More Units
Garage: Yes
Living Area (SqFt): 5302 sq. ft.
Lot Size Area Sq Feet: 6098.00
Lot Size Area Acres: 0.13999
Property Tax: $43,889
REO/ Bank Owned: No
REO: N/A
Short Sale: N/A
Listing#:

Parcel Number:

Year Built: 1957
List Date: 7/14/2015
Class: Commercial
Property Subtype: Five or More Units
Approx Lot Size: 0.140
REO/Bank Owned: No

Cooling: None
Utilities Sewer: Sewer Connected
Disability Features: None
Roof: Flat/Low Pitch
Foundation: Pillars/Posts/Piers
Utilities Water: Public


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