555 10th Street, San Jose, CA 95112
  • MLS#: ML82016658 ( )
  • Street Address: 555 10th Street
  • Viewed: 1
  • Price: $8,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 65
  • Additional Information
  • County: SANTA CLARA
  • City: San Jose
  • Zipcode: 95112
  • Provided by: Marcus & Millichap
  • Contact: Jimmy Jimmy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    6.14% cap rate // 9.81 GRM based on current rents. 100% 2x2 floor plans. Marcus & Millichap is excited to present Kennedy Hall, a rare opportunity to acquire a well located, multifamily asset just steps from San Jose State University. The property features 28 spacious two bedroom, two bath units totaling approximately 25,855 square feet of rentable space on a 0.58 acre lot. Built in 1964, Kennedy Hall offers a highly functional layout ideally suited for student housing or working professional roommates, with each unit having an ideal two bedroom layout with maximum privacy. This optimal rental configuration, combined with the propertys close proximity to campus and an assumable Chase Bank loan fixed at 4.51% through August 2029, makes Kennedy Hall a prime choice for investors seeking strong cash flow and long term demand.
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Features
Building Area Total
  1. 25855.00
Carport Spaces
  1. 33.00
Cooling
  1. Wall/Window Unit(s)
Heating
  1. Wall Furnace
Insurance Expense
  1. 30800.00
Otherexpense
  1. 50503.00
Parcel Number
  1. 47229098
Roof
  1. Composition
  2. Shingle
Totalexpenses
  1. 304790.00
Trash Expense
  1. 8736.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. RM