S 11th Street, San Jose, California 95112, Estados Unidos

Listado por Colliers Parrish International, Inc.

La Propiedad comercial en Venta ubicada en San Jose, California 95112, Estados Unidos actualmente está en venta San Jose, California 95112, Estados Unidos está listado para4.000.000 US$. Si la propiedad ubicada en San Jose, California 95112, Estados Unidos no es lo que estás buscando, visita https://haussmannrealty.xomio.com para ver otros Propiedades Comerciales en Venta en San Jose .

Fecha de actualización: 20 may 2025

MLS Nº: 374306060

4.000.000 US$ USD

  • Espacio mínimo comercializable
    1.012 m² (10.893 ft²)
PATRICIA LEMIEUX
Patricia Lemieux
Detalles

Características del inmueble

Información de la construcción

  • Año de construcción: 1959
  • Tejado: Fibra De Vidrio

Otras características

  • Sistema de calefacción: Eléctrico Aire Forzado

Área

  • Tamaño del inmueble: 1.012 m² (10.893 ft²)
  • Tamaño del terreno/parcela: 1.457 m² (15.681 ft²)

Descripción

Unique Oppty to Achieve 5.63% Cap or 7.39% Cap Within 3 to 6-Months. 3-Minute Walk to SJSU. Rare 25-Bedroom (With 29-Bedroom Potential) Student Housing. Fully-Vacant. SJSU Fraternity House With 10,893 SF on 3 Levels + Basement. Rehab 25 BRs, PLUS Add 4 Bedrooms to Achieve Income of 29 BRs of High-Quality Student Rental. Student Leases: August 1 to July 31, Offer Secure, Steady Cashflow w/ Minimal Vacancies. Extremely Supply-Constrained Student Housing Market Near SJSU. Considerable Interior Space w/ Numerous Repositioning Opportunities to Help Investor Achieve Premium Rents. Spacious Second and Third Floor Bedrooms (+/- 145 SF Bedrooms with 9' Ceilings) Offer Panoramic Views of SJ and SJSU Campus. 25-Parking Spaces Rear of Property - Investors May Lease Out or Include Parking in Rent for Additional NOI. Income-Generating Ideas: Onsite Gym, Movie Room, Bike Storage, Pickleball Courts, Solar Panels, Etc. 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.

Ubicación

San Jose, California 95112, Estados Unidos
Map preview
Courtesy of Don Sung Colliers Parrish International, Inc.