515 E William ST, San Jose, CA 95112
- $3,445,000
- 7,620
- SqFt
- Sold Price
- $3,445,000
- List Price
- $3,450,000
- Closing Date
- Apr 10, 2023
- MLS#
- ML81912637
- Status
- SOLD
- Property Type
- com
- Sqft. of Residence
- 7,620
- Lot Size
- 9,602
- Listing Area
- Central San Jose
- Year Built
- 1957
Property Description
Located in the heart of Downtown San Jose, 515 E. William Street features a desirable unit mix of (4) 2+1s and (8) 1+1s all of which have upgrades including quartz or granite countertops and shaker-style cabinetry in kitchens and baths. The well maintained property features double pane windows throughout, (2) washers and (2) dryers, and a basement with ample owners storage and (2) washers and (2) dryers. The property is convenient to transit and daily retail amenities, is walking distance to San Jose State University, and benefits from proximity to world-renown employers. Existing debt is assumable at historically attractive rate and remaining term (3.05% fixed for another +/- 3.5 years). Strong in-place financial performance: GIM of 12.26 and Current CAP Rate of 5.61%. This is part of a three-property portfolio and may be acquired individually or in combination with 143 N. 8th and 751 S. 3rd Streets, providing a Buyer with an optimal capital deployment strategy.
Additional Information
- Acres
- 0.22
- Age
- 65
- Cooling System
- Window / Wall Unit
- Floor Covering
- Carpet, Vinyl / Linoleum
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Covered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 7,620
- Lot Size
- 9,602
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Bitumen
- Sewer
- Sewer - Public, Sump Pump
- Special Features
- None
- Unincorporated Yn
- Yes
- Zoning
- RM
Mortgage Calculator
Listing courtesy of Joel Hopman from Newmark Cornish & Carey. 415-722-2200
Selling Office: ADAMS.
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