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Residential Income - 502 N 18th Street, San Jose, CA

$1,900,000

502 N 18th Street, San Jose, CA

502 N 18th Street, San Jose, CA 95112 - $1,900,000 · Multi-Family Home for Sale, photo 1 502 N 18th Street, San Jose, CA 95112 - $1,900,000 · Multi-Family Home for Sale, photo 2 502 N 18th Street, San Jose, CA 95112 - $1,900,000 · Multi-Family Home for Sale, photo 3
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Description

Marcus & Millichap is pleased to present the investment opportunity North 18th Flats located at 502, 504, 506 and 508 N. 18th Street San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.25 acres and features a gross building area of approximately 4308 square feet. The property features two duplex style buildings four three bed/one bath units of about 1077 square feet. Each unit contains modern appliances, upgraded windows, and washer dryer hook ups. The property offers an in place Cap Rate of 5.55 with a 13.01 GRM - PROFORMA CAP RATE OF 7.46 and 10.47 PROFORMA GRM

Property details

Square feet
4,308
Year built
1971
Property type
Residential Income
Lot size
11,025 sqft

Location

502 N 18th Street • San Jose, CA 95112

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Listed by

Michael Henshaw · Marcus & Millichap

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Listing courtesy of Marcus & Millichap. Information deemed reliable but not guaranteed.

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Nalren Corp. · CA DRE #02423715