502 N 18th Street, San Jose, CA, CA 95112
- $1,900,000
- 4,308
- SqFt
- List Price
- $1,900,000
- Status
- ACTIVE
- MLS#
- ML82050750
- County
- Santa Clara
- Year Built
- 1971
- Building Square Feet
- 4,308
- Square Feet
- 11,025
- Days on Market
- 48
- Property Type
- Multifamily
Property Description
Marcus & Millichap is pleased to present the investment opportunity North 18th Flats located at 502, 504, 506 and 508 N. 18th Street San Jose, California. This attractive, four-unit apartment complex is situated on a parcel of land totaling 0.25 acres and features a gross building area of approximately 4308 square feet. The property features two duplex style buildings four three bed/one bath units of about 1077 square feet. Each unit contains modern appliances, upgraded windows, and washer dryer hook ups. The property offers an in place Cap Rate of 5.55 with a 13.01 GRM - PROFORMA CAP RATE OF 7.46 and 10.47 PROFORMA GRM
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Additional Information
- Taxes
- $22,950
- Parcel Number
- 24926069
- Gross Scheduled Income
- $144,300
- Number of Buildings
- 2
- Heat
- Wall Furnace
- Cooling
- Yes
- Roof
- Other
- Sewer
- Public Sewer
- Water
- Public
- School District
- San Jose Unified
Listing courtesy of Listing Agent: Michael Henshaw (mhenshaw@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.