51 S 19th ST

SAN JOSE, CA, 95116

$10,050,000

$337 per ft²
$10,050,000
$337 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
29,776 ft²
property_type
Commercial
calendar
Built 1961
Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.
MLS® ID:
ML81863926
Updated:
8/8/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated
Cooling
None
Heating
Electric

Exterior/Building Features

Lot Size
0.49 acres lot
Roof
Foam
Sewer
Sewer - Public

Other Property Details

Area Name
9
HOA Amenities
Common Utility Room, Community Security Gate
Garage
Yes
Parking
Covered Parking
View
Y
County
Santa Clara
Utilities
Individual Electric Meters
Water Source
Public
Pool
Yes
Zoning
RM

 

Courtesy of Justin Bautista, Newmark Cornish & Carey

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Data last updated 10:37 AM UTC, 8/8/22

 

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