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Listed by Michael Henshaw • Marcus & Millichap, DRE#01134592
$1,900,000
Est. payment /mo
12 Beds
4 Baths
4,308 SqFt
New
502 N 18th ST San Jose, CA 95112
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,308 sqft
Price per Sqft $441
MLS Listing ID ML82050750
Bedrooms 12
Full Baths 4
Year Built 1971
Lot Size 0.253 Acres
Property Sub-Type Fourplex
Property 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. 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
Location
State CA
County Santa Clara
Area Central San Jose
Zoning R3B
Interior
Heating Wall Furnace
Cooling Other
Exterior
Parking Features Off-Street Parking, On Street, Parking Area
Utilities Available Public Utilities
Roof Type Other
Building
Story 2
Foundation Other
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 249-26-069
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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