143 N 8th ST

SAN JOSE, CA, 95112

$3,050,000

$425 per ft²
$3,050,000
$425 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
7,167 ft²
property_type
Commercial
calendar
Built 1961
Located in the heart of Downtown San Jose, 143 N. 8th Street features a desirable unit mix of (9) 2+1 many of which have upgrades to kitchens and baths. The well maintained property features double pane windows throughout, (2) washers and (2) dryers, and one unit has central heat and A/C. The property is convenient to transit and Japantown amenities, walking distance to San Jose State University, and benefits from proximity to world-renown employers. Existing debt is assumable at historically attractive rate and remaining term (3.15% fixed for another +/- 3 years). Strong in-place financial performance: GIM of 12.84 and Current CAP Rate of 5.25%. This is part of a three-property portfolio and may be acquired individually or in combination with 515 E. William Street and 751 S. 3rd Street located blocks away, providing a Buyer with an optimal capital deployment strategy.
MLS® ID:
ML81912638
Updated:
2/6/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central AC, Window / Wall Unit
Heating
Central Forced Air, Wall Furnace

Exterior/Building Features

Lot Size
9,548 ft² lot
Roof
Bitumen
Sewer
Sewer - Public

Other Property Details

Area Name
9
Garage
Yes
Garage Spaces
3
Parking
Attached Garage, Covered Parking, On Street, Uncovered Parking
Parking Total
3.0
View
Y
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Pool
Yes
Zoning
RM

Property History

Date
Event
Price
Value
12/29/22
Under Contract
-
-

Courtesy of Newmark Cornish & Carey, Joel Hopman,
Listing Contact: 415-722-2200 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cassandra Maas shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Cassandra Maas are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2023 MLS Listing, Inc. All rights reserved.

Data last updated 9:41 PM UTC, 2/6/23

 

Contact