650 S 8th ST, San Jose, CA 95112
- $5,185,000
- 9,769
- SqFt
- List Price
- $5,185,000
- Closing Date
- May 31, 2024
- MLS#
- ML81958747
- Status
- PENDING (DO NOT SHOW)
- Property Type
- com
- Sqft. of Residence
- 9,769
- Lot Size
- 15,682
- Listing Area
- Central San Jose
- Year Built
- 1958
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
Additional Information
- Acres
- 0.36
- Age
- 66
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Living Area
- 9,769
- Lot Size
- 15,682
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters
- Roof
- Tar and Gravel
- Sewer
- Sewer Connected
- Special Features
- Parking
- Unincorporated Yn
- Yes
- Zoning
- RM
Mortgage Calculator
Listing courtesy of Neel Bhatia from Coldwell Banker Realty. 408-828-4024
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