Unique Opportunity to Achieve 5.63% Cap or 7.39% Cap Within 3 to 6-Months by Repositioning & Re-Tenanting 25 or 29 Bedroom Student Rental Within 3-Minutes of SJSU. Rarely Available, 25-Bedroom (With 29-Bedroom Potential) Student Housing Asset Next to San Jose State University. Fully-Vacant Property Previously Used as SJSU Fraternity House With 10,893 SF on 3 Levels Plus Basement (Per County). Excellent Repositioning Opportunity to Rehab 25 Bedrooms, PLUS Add 4 Bedrooms to Achieve Income of 29 Bedrooms of High-Quality Student Rental. Student Bedroom Leases Run From August 1 to July 31, Offering Secure, Steady Cashflow With Minimal Vacancies. Extremely Supply-Constrained Student Housing Market Near SJSU Campus. Lack of High-Quality Housing Options Near SJSU Provides Investor Excellent Opportunity to Deliver High-Quality Student Housing Option. Property Offers Considerable Interior Space, Numerous Amenities/Repositioning Opportunities to Help Investor Achieve Premium Rents. Spacious Second and Third Floor Bedrooms (+/- 145 SF Bedrooms with 9' Ceilings) Offer Panoramic Views of San Jose and SJSU Campus. Rear of Property Offers 25-Parking Spaces - Investors May Lease Out or Include Parking in Rent, Offering Additional NOI. Multitude of Additional Income-Generating Ideas: Onsite Gym, Movie Room, Bike Storage, Pickleball Courts, Solar Panels, and More. CURRENT CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen): 5.63%; GRM: 10.4 (Cap Rate Inclusive of $300,000 Property Rehab Budget); Cost/SF: $367/SF. PRO-FORMA CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen PLUS Add 4 Bedrooms on Ground Floor): 7.39%; GRM: 8.9 (Inclusive of $300,000 Property Rehab + $140,000 Additional Bedrooms Budget); Cost/SF: $367/SF. Please Contact Listing Agent to Set Up Property Tour & Discuss Repositioning Strategy.