51 S 19th ST

San Jose, CA, 95116

$10,050,000

$337 per ft²
$10,050,000
$337 per ft²
Active
Active
 - For Sale
carpenters-square
29,776 ft²
property_type
Multi-family
calendar
Built 1961
Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.
MLS ID:
ML81863926
Listed:
9/23/21
Updated:
11/28/21

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None

Exterior/Building Features

Lot Size
0.49 acres lot
Roof
Foam
Sewer
Sewer - Public

School Information

School District
San Jose Unified

Other Property Details

Area Name
Central San Jose
Taxes
$129584
Tax Frequency
per YEAR
HOA Amenities
Common Utility Room, Community Security Gate
Attached Garage
Yes
Parking
Covered Parking
View
N
County
Santa Clara
Utilities
Individual Electric Meters
Water Source
Public
Zoning
RM

 

Courtesy of Justin Bautista, Newmark Cornish & Carey

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 Own Sweet Home Team 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 Own Sweet Home Team 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.

©2021 MLS Listing, Inc. All rights reserved.

Data last updated 1:13 AM UTC, 11/28/21

 

Contact Agent