$4,700,000
$5,185,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
650 S 8th ST San Jose, CA 95112
9,769 SqFt
Key Details
Sold Price $4,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,769 sqft
Price per Sqft $481
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
Acres 0.36
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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Bought with Neel Bhatia • Coldwell Banker Realty