S 11th Street, San Jose, Californie 95112, États-Unis
Annonce par Colliers Parrish International, Inc.
La propriété suivante,Propriété commerciale, située San Jose, Californie 95112, États-Unis est présentement à vendre. San Jose, Californie 95112, États-Unis affiche un prix de4 000 000 $ US. Si la propriété au San Jose, Californie 95112, États-Unis ne convient pas à vos besoins, visitez le https://haussmannrealty.xomio.com pour voir d’autres Propriétés commerciales à vendre au San Jose .
Date mise à jour: 20 mai 2025
#MLS: 374306060
4 000 000 $ US USD
- Surface vendable minimum
1 012 m² (10 893 ft²)
Caractéristiques de la propriété
Détails sur la construction
- Année de construction: 1959
- Toiture: Fibres De Verre
Autres caractéristiques
- Système de chauffage: Électrique Air Forcé
Superficie
- Superficie de la propriété:
1 012 m² (10 893 ft²) - Superficie du terrain/lot:
1 457 m² (15 681 ft²)
Description
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.