San Jose, CA 95112,650 S 8th ST
San Jose, CA 95112,650 S 8th ST
San Jose, CA 95112,650 S 8th ST
San Jose, CA 95112,650 S 8th ST
San Jose, CA 95112,650 S 8th ST
San Jose, CA 95112,650 S 8th ST
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$4,700,000

$5,185,000

9.4%
Est.Price: ?

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Est. payment /mo

0.36 Acres Lot


SOLD DATE : 06/03/2024

Key Details

Sold Price $4,700,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81958747

Sold Date 06/03/24

HOA Y/N No

Year Built 1958

Annual Tax Amount $57,289

Lot Size 0.360 Acres

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 699 - Not Defined

Zoning RM

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 17

Roof Type Tar/Gravel

Building

Water Public

Schools

School District San Jose Unified

Others

Tax ID 47224006

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Neel Bhatia • Coldwell Banker Realty
Bought with Neel Bhatia • Coldwell Banker Realty
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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