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$3,025,000
Est. payment /mo
9,840 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82066425
HOA Y/N No
Year Built 1959
Annual Tax Amount $36,236
Lot Size 9,840 Sqft
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
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 13
Roof Type Flat,Foam
Total Parking Spaces 13
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 47224104
Special Listing Condition Standard
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Listed by Ray Rodriguez Compass #01999734
NEARBY SCHOOL & BUSINESS
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