1113 Roewill Dr - Apartments FOR SALE


San Jose, CA 95117- Anderson West
$2,250,000 USD
408-483-5040
1113 Roewill Dr, San Jose, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/25
null | 4.85% Cap Rate

1113 Roewill Dr
San Jose, CA 95117
Anderson West


HIGHLIGHTS

  • Prime West San Jose Location
  • Strong, High-Income Tenant Base
  • Well-Maintained Asset Demonstrates Pride of Ownership with Recent Upgrades and Disciplined Management Style
  • First Time Offered for Sale Since 1989
  • High-Growth Submarket with Nearby Major Tech Companies and Supported by Pro-Development Policies Such as El Paseo De Saratoga Mixed-Use Village
  • Fantastic Location for Commuters

OVERVIEW

Jimmy Castellanos of Marcus & Millichap is pleased to present 1113 Roewill Drive, a meticulously maintained 8-unit multifamily community in West San Jose, CA. This asset offers investors a rare opportunity to acquire an almost turn-key investment in one of San Jose’s strongest rental pockets. Built in 1961, the property has been extensively upgraded with double-pane windows throughout, a brand new $50,000+ custom railing system installed in 2017, renovated units with high-quality finishes, a new water heater, and an on-site security camera system. Importantly, 1113 Roewill Drive is fully compliant with SB 721, ensuring peace of mind for investors. Among properties on Roewill Drive, this building stands out as the most upgraded and well-maintained asset on the block.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

8

PRICE/UNIT

$281,250

CAP RATE

4.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Robert Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3, San Jose

APN/PARCEL ID

299-17-061

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.