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Listed by Mitchell Zurich • Marcus & Millichap
$ 2,090,000
Est. payment /mo
New
445 N 1st Street San Jose, CA 95112
6,704 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,704 sqft
Price per Sqft $311
MLS Listing ID ML82014596
HOA Y/N No
Year Built 1924
Lot Size 8,400 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley, the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling None
Fireplace No
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