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(650) 219-8700
RE/MAX CAPITAL
649 S 9th ST, San Jose, CA 95112
- $3,025,000
- 6,364
- SqFt
Listed by Ray Rodriguez, 650-405-0743 from Compass
(If provided) CoList: Tony Zizzo from Compass
- List Price
- $3,025,000
- MLS#
- ML82066425
- Status
- ACTIVE
- Sqft. of Residence
- 6,364
- Lot Size
- 9,842
- Listing Area
- Central San Jose
- Year Built
- 1959
Property Description
One of the Best True Cap Rates you will find in downtown San Jose... Property can be sold together with Neighboring 14 unit building - Due Diligence and Marketing package are both available upon request. 649 S 9th Street is a fully occupied 12-unit building in Downtown San Jose, about two blocks from San Jose State University, with eleven 1BR/1BA units, one 2BR/1BA unit and an assigned carport for every unit. Its offered at $3,025,000 ($252,083 per unit), with a 6.22% current cap rate that rises to 7.11% at market rents, and it can be bought on its own or with 659 S 9th Street as a 26-unit portfolio
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Additional Information
- Building Name
- The Gardens
- Cooling System
- Ceiling Fan
- Foundation
- Crawl Space
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Living Area
- 6,364
- Lot Size
- 9,842
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Flat / Low Pitch, Foam
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than RE/MAX CAPITAL are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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