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$1,175,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML82026157
HOA Y/N No
Year Built 1898
Annual Tax Amount $14,147
Property Description
OFFER DATE: Monday, November 17th at 5:00 PM. $9,700 monthly gross rent // 6.17% cap rate! Nestled in the heart of Downtown San Jose, 84 North 9th Street presents a rare opportunity to own a five-unit multifamily community in one of the Bay Areas most dynamic urban neighborhoods. This charming property is set within a beautifully maintained 1898 Victorian residence, showcasing timeless architectural detail and vintage character that stands apart from more conventional apartment offerings. The building totals approximately 2,280 square feet and is situated on a 6,328 square foot lot, comprising three one-bedroom units and two studio units, an ideal mix for a variety of tenant profiles. Priced at $235,000 per unit with a day-one cap rate well over 6%, this offering delivers immediate, above-market returns that are rarely seen in Silicon Valley.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition,Shingle
Total Parking Spaces 6
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46717101
Special Listing Condition Standard
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Listed by Jimmy Castellanos Marcus & Millichap
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