529 S 10th ST, San Jose, CA 95112

$3,555,000
8,695
SqFt
Sold Price
$3,555,000
List Price
$3,825,000
Closing Date
Aug 31, 2022
MLS#
ML81889073
Status
SOLD
Property Type
com
Sqft. of Residence
8,695
Lot Size
6,367
Listing Area
Central San Jose
Year Built
1962

Property Description

Marketing Package and DD File available upon request ** High current cap rate of 4.8% and excellent unit mix of (7) 3BD-2BA & (2) 2BD-2BA. 529 S 10th Street offers an investor the opportunity to acquire 9 units, located in the heart of Downtown San Jose and adjacent to San Jose State University. Built in 1962, this three-story apartment complex consists of 8,695 square feet of rent-able space situated on a 6,367 square foot parcel and boasts a strong unit mix of seven (7) three bedroom/two bathroom and two (2) two bedroom/ two bathroom units. Underwriting has vacant unit adjusted to estimated market rent.

Additional Information

Acres
0.15
Age
60
Cooling System
None
Foundation
Pillars / Posts / Piers
Garage Parking
Attached Garage, Electric Gate
Heating System
Wall Furnace
Living Area
8,695
Lot Size
6,367
Neighborhood
Central San Jose
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Flat / Low Pitch
Sewer
Sewer Connected
Special Features
None
Unincorporated Yn
Yes
Zoning
R3F

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Mitchell Zurich from Marcus & Millichap. 408-888-9594

Selling Office: LKRE.

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