70-74 N 10th St - Apartments FOR SALE


San Jose, CA 95112- Northside
$3,698,000 USD
408-438-0969
70-74 N 10th St, San Jose, CA for Sale
$3,698,000 USD
Apartments - FOR SALE
1/31
null | 5.63% Cap Rate

70-74 N 10th St
San Jose, CA 95112
Northside


HIGHLIGHTS

  • Located just 3 blocks from SJSU
  • Trophy turnkey asset with great cashflow and significant recent capital improvements
  • Fully renovated asset with timeless 20th century charm
  • Remodeled interiors with heating and A/C for all units
  • Updated copper supply lines, newer ABS drain lines, newer roofs, dual-pane windows and a brand new concrete patio common area

OVERVIEW

Magnify Real Estate is pleased to present the opportunity to acquire 70 N. 10th St, a fully renovated, turnkey multifamily asset in San Jose. This property offers strong in-place cash flow and classic early 20th-century charm within a prime downtown San Jose location. Built in 1912, the property consists of 9 units totaling 6,027 square feet on a 6,394 square foot lot. The unit mix includes (5) one-bedroom/one-bathroom, (3) two-bedroom/one-bathroom, and (1) three-bedroom/one-bathroom. The subject property has undergone significant capital improvements including newer roofs, replaced copper supply lines and ABS drain lines, dual-pane windows, A/C in all units, brand new concrete common area patio, and renovated interiors. The property sits just three blocks from San Jose State University and offers convenient access to I-280, CA-87 and US-101. Finally, the property is within a few minutes drive from major employers such as Adobe, Zoom, eBay, San Jose City Hall and many more.

FOR SALE DETAILS

PRICE

$3,698,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

9

PRICE/UNIT

$410,889

CAP RATE

5.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-M

APN/PARCEL ID

467-17-107

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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