1037 N 7th St - Apartments FOR SALE


San Jose, CA 95112
$2,150,000 USD
650-391-1734
1037 N 7th St, San Jose, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/22
null | 5.5% Cap Rate

1037 N 7th St
San Jose, CA 95112


HIGHLIGHTS

  • Value Add Multifamily Asset in San Jose, CA
  • Exceptional Unit Mix of One-and-Two Bed Units
  • Close Proximity to Downtown San Jose & SJSU
  • Strong in Place Cash Flow with Rental Upside Potential

OVERVIEW

The Rubio Group of Marcus & Millichap is pleased to present 1037 N 7th Street, a seven apartment complex located in San Jose CA. 1037 N 7th Street was constructed in 1956 and offers 4,065 square feet of net rentable building area, situated on a 7,144 square foot lot. The asset is located within walking distance of several schools, and within a five-minute drive of San Jose State University. 1037 N 7th Street property offers an exceptional unit mix of five, two-bed one bath units, one, one-bed, one bath unit and one studio, which have been well maintained but still offer a new investor the opportunity to upgrade them further and achieve full market rents.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$529 USD /SF

# OF UNITS

7

PRICE/UNIT

$307,143

CAP RATE

5.5%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3

APN/PARCEL ID

235-11-012

ASK ABOUT THIS PROPERTY

Fred RubioMarcus & MillichapMore Info
650-391-1734

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Fred RubioMarcus & MillichapMore Info
650-391-1734

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